SOL/BTC – 1H – SELLThe pair jumps from the ascending trendline downwards
A bearish descent downwards to the next support level at 0.002457100 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.002691600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.002691600 |
| Current Price | 0.002602100 |
| Next Low | 0.002457100 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |