SOL/BTC – 1H – SELLThere is also a ‘Double top chart pattern’ chart pattern is detected. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 0.001529200 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001631400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001631400 |
| Current Price | 0.001555000 |
| Next Low | 0.001529200 |
| 2nd Low | 0.001522800 |
| 3rd Low | 0.001486200 |
0.001631400 – 0.001594600 – 0.001613600 – 0.001563400 – 0.001562500 – 0.001529200 — 46.463648045153 – 41.059693226301
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Double top chart pattern –