SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A bearish descent down to the next support at 0.001360100 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001486400 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Collapsing Doji Star’ chart pattern is found. The chart forms ‘Collapsing Doji Star’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001560000 |
| 2nd High | 0.001509500 |
| Next High | 0.001486400 |
| Current Price | 0.001392000 |
| 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 – Collapsing Doji Star