SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 0.001382100 is certain.
Caution: A possible change in the direction of the resistance level at 0.001407100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Besides a ‘Two Crows’ candlestick pattern is found. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001409600 |
| Next High | 0.001407100 |
| Current Price | 0.001400600 |
| Next Low | 0.001382100 |
| 2nd Low | 0.001352100 |
| 3rd Low | 0.001350600 |
0.001407100 – 0.001373500 – 0.001372900 – 0.001382100 – 0.001352100 – 0.001350600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern