SOL/BTC – 1H – SELLAlso there is a ‘Double bottom retreat down’ chart pattern is existing. The chart picture shows ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 0.001818200 is expected.
Caution: A possible change in the direction of the resistance zone at 0.001887700 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001887700 |
| Current Price | 0.001884100 |
| Next Low | 0.001818200 |
| 2nd Low | 0.001685800 |
| 3rd Low | 0.001586900 |
0.001887700 – 0.001881300 – 0.001834200 – 0.001818200 – 0.001685800 – 0.001773900 — 65.332353676677 – 62.261660894397
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down – –