SOL/BTC – 4H – SELLMoreover a ‘Double bottom retreat down’ chart formation is existing. The chart forms ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.
The combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A descent downwards to the next support line at 0.001685800 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001881300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001881300 |
| Current Price | 0.001869400 |
| Next Low | 0.001685800 |
| 2nd Low | 0.001586900 |
| 3rd Low | 0.001548000 |
0.001881300 – 0.001655200 – 0.001707300 – 0.001685800 – 0.001586900 – 0.001548000 — 59.185001576479 – 54.399535068725
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Double bottom retreat down – –