SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A descent down to the next support at is likely expected.
Caution: A possible change in the direction of the resistance level at 0.001409600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The pair is likely to go down.
Moreover a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001409600 |
| Current Price | 0.001375200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001409600 – 0.001487300 – 0.001432000 – 0.001373900 – 0.001390100 – 0.001288500
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern