SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish descent down to the next support at 0.002017800 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.002231900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ chart pattern is discovered. The candles show ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002231900 |
| Current Price | 0.002129300 |
| Next Low | 0.002017800 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001872200 |