SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A bearish descent down to the next support line at 0.001348800 is expected.
Caution: A possible change in the direction of resistance at 0.001379400 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Three Inside Down’ candlestick chart pattern is detected. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001487300 |
| 2nd High | 0.001423500 |
| Next High | 0.001379400 |
| Current Price | 0.001351800 |
| Next Low | 0.001348800 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001379400 – 0.001423500 – 0.001421100 – 0.001348800 – 0.001360400 – 0.001367700
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Inside Down – Rising Wedge Chart Pattern