Next a ‘Double top chart pattern’ chart layout is found. The chart picture shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 0.001256200 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001366700 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Collapsing Doji Star’ candle pattern is discovered. The candles form ‘Collapsing Doji Star’. 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 ‘Collapsing Doji Star’ going down is 63% (Bull Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 0.001409200 |
2nd High | 0.001383300 |
Next High | 0.001366700 |
Current Price | 0.001327200 |
Next Low | 0.001256200 |
2nd Low | |
3rd Low |
0.001366700 – 0.001383300 – 0.001409200 – 0.001328500 – 0.001256200 – 0.001292400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Collapsing Doji Star – Double top chart pattern