SOL/BTC – 4H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 0.001407400 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.001560000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Additionally a ‘Two Crows’ candle pattern is existing. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001688300 |
| 2nd High | 0.001632600 |
| Next High | 0.001560000 |
| Current Price | 0.001436500 |
| Next Low | 0.001407400 |
| 2nd Low | 0.001278000 |
| 3rd Low |
0.001560000 – 0.001632600 – 0.001688300 – 0.001407400 – 0.001450400 – 0.001556500