SOL/BTC – 4H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0.001360100 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.001486400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Collapsing Doji Star’ candle chart pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001486400 |
| Current Price | 0.001392000 |
| Next Low | 0.001360100 |
| 2nd Low | 0.001278000 |
| 3rd Low |
0.001486400 – 0.001509500 – 0.001560000 – 0.001360100 – 0.001407200 – 0.001407400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Collapsing Doji Star