SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A descent downwards to the next support level at 0.002114300 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002232400 should be noted.
Consider stop-loss settings accordingly.
In addition a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002232400 |
| Current Price | 0.002167900 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows