SOL/BTC – 1H – SELLThe combination goes from the bullish trendline down.
The bearish trend down to the next support line at 0.002457100 will continue.
Caution: A possible change in the direction of the resistance line at 0.002691600 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002691600 |
| Current Price | 0.002616800 |
| Next Low | 0.002457100 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |