SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 0.001420500 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001458300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001496400 |
| 2nd High | 0.001462100 |
| Next High | 0.001458300 |
| Current Price | 0.001454300 |
| Next Low | 0.001420500 |
| 2nd Low | 0.001407200 |
| 3rd Low | 0.001376000 |
0.001454700 – 0.001458300 – 0.001455700 – 0.001420500 – 0.001407200 – 0.001413900
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows