Moreover a ‘Double top chart pattern’ chart formation is existing. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.
The combination Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0.001360100 is considered certain.
Caution: A possible change in the direction of the resistance level at 0.001486400 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. 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 | 0.001560000 |
2nd High | 0.001509500 |
Next High | 0.001486400 |
Current Price | 0.001352300 |
Next Low | 0.001360100 |
2nd Low | 0.001278000 |
3rd Low |
0.001486400 – 0.001509500 – 0.001560000 – 0.001360100 – 0.001407200 – 0.001407400