SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A bearish movement downwards to the next support level at 0.001360100 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.001486400 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Furthermore a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this 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 chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001486400 |
| Current Price | 0.001392300 |
| Next Low | 0.001360100 |
| 2nd Low | 0.001278000 |
| 3rd Low |
0.001486400 – 0.001509500 – 0.001560000 – 0.001360100 – 0.001407200 – 0.001407400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows