SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A descent downwards to the next support at 0.002440100 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.002599900 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.002487 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 0.002599900 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Line Strike – Bearish’ candle chart pattern is discovered. The candles form ‘Three Line Strike – Bearish’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002693600 |
| 2nd High | 0.002681000 |
| Next High | 0.002599900 |
| Current Price | 0.002449800 |
| Next Low | 0.002440100 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Line Strike – Bearish