SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 0.00118 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 0.001196400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Tweezers Top’ candle chart pattern is detected. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00125 |
| 2nd High | 0.00121 |
| Next High | 0.001196400 |
| Current Price | 0.001182900 |
| Next Low | 0.00118 |
| 2nd Low | 0.00117 |
| 3rd Low | 0.00112 |
0.001196400 – 0.00121 – 0.00121 – 0.00118 – 0.00119 – 0.00117 —
0.001196400 – 0.001186000 —
54.298646971635 – 44.109450120231 —
0.001196400 – 1775433600 —
– 1775433600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Tweezers Top – – –