SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.001278000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 0.001486400 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 | 0.001300400 |
| Next Low | 0.001278000 |
| 2nd Low | |
| 3rd Low |
0.001486400 – 0.001509500 – 0.001560000 – 0.001360100 – 0.001407200 – 0.001407400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows