SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.001872200 will continue.
Caution: A possible change in the direction of resistance at 0.002009200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002035900 |
| 2nd High | 0.002023400 |
| Next High | 0.002009200 |
| Current Price | 0.001917500 |
| Next Low | 0.001872200 |
| 2nd Low | 0.001842700 |
| 3rd Low |