SOL/BTC – 1H – BUYThe currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 0.002114300 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 0.002204400 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Hammer’ chart pattern is found. The candles form ‘Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002120800 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |