SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 0.002017800 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.002169000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002231900 |
| Next High | 0.002169000 |
| Current Price | 0.002132800 |
| Next Low | 0.002017800 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001872200 |