SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
The bearish trend downwards to the next support at 0.001347600 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001487300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Southern Doji’ chart pattern is detected. The chart shows ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading 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