SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
The bearish trend down to the next support level at 0.001445000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001536300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001616800 |
| 2nd High | 0.001560000 |
| Next High | 0.001536300 |
| Current Price | 0.001493600 |
| Next Low | 0.001445000 |
| 2nd Low | 0.001347600 |
| 3rd Low | 0.001288500 |
0.001536300 – 0.001503600 – 0.001395300 – 0.001445000 – 0.001347600 – 0.001349000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern