SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish trend downwards to the next support at 0.001939900 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002056100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Latter Bottom’ chart pattern is discovered. The candles form ‘Latter Bottom’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002231900 |
| Next High | 0.002056100 |
| Current Price | 0.002043400 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Latter Bottom