SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
A descending movement down to the next support at 0.002026600 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.002135300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Tweezers Top’ candlestick pattern is discovered. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002232400 |
| 2nd High | 0.002204400 |
| Next High | 0.002135300 |
| Current Price | 0.002064600 |
| Next Low | 0.002026600 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Tweezers Top