SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 0.001350600 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001373500 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001373500 |
| Current Price | 0.001360200 |
| Next Low | 0.001350600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001373500 – 0.001372900 – 0.001409600 – 0.001350600 – 0.001373900 – 0.001390100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Outside Down –