SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish trend downwards to the next support line at 0.002114300 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002231900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going 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 | 0.002199800 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |