SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.
A bearish descent down to the next support at 0.00117 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.00127 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00133 |
| 2nd High | 0.00129 |
| Next High | 0.00127 |
| Current Price | 0.001219300 |
| Next Low | 0.00117 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00127 – 0.00127 – 0.00129 – 0.00122 – 0.00124 – 0.00117 —
0.001228100 – 0.001229800 —
36.087641810669 – 41.742004633301 —
– —
0.00127 – 1771372800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Double top chart pattern – –