SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 0.002114300 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 0.002204400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. 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 | 0.002313800 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002122500 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Tweezers Top