SOL/BTC – 30M – SELLAdditionally a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A descending movement down to the next support at 0.001447400 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 0.001473200 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001473200 |
| Current Price | 0.001464500 |
| Next Low | 0.001447400 |
| 2nd Low | 0.001396000 |
| 3rd Low | 0.001357400 |
0.001473200 – 0.001400000 – 0.001397300 – 0.001447400 – 0.001396000 – 0.001357400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down