SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A descent down to the next support at 0.001910000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001986100 could happen.
Consider stop-loss settings accordingly.
And also a ‘On Neck’ candlestick chart pattern is detected. The chart forms ‘On Neck’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ going down is 56% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001986100 |
| Current Price | 0.001946600 |
| Next Low | 0.001910000 |
| 2nd Low | 0.001895600 |
| 3rd Low | 0.001817400 |
0.001986100 – 0.001947000 – 0.001931800 – 0.001910000 – 0.001895600 – 0.001817400 — 47.515295882455 – 46.682782983959
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – On Neck – Symmetrical Triangle Chart Pattern – –