SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 0.001347600 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.001487300 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Southern Doji’ candle pattern is found. The chart forms ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001487300 |
| Current Price | 0.001454100 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001395300 – 0.001379400 – 0.001423500 – 0.001347600 – 0.001349000 – 0.001348800
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Southern Doji – Triple bottom chart pattern