SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 0.002349600 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.002459000 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0023496 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.002459000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002691600 |
| 2nd High | 0.002675400 |
| Next High | 0.002459000 |
| Current Price | 0.002400000 |
| Next Low | 0.002349600 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |