SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 0.001649800 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 0.001720700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001740400 |
| 2nd High | 0.001739200 |
| Next High | 0.001720700 |
| Current Price | 0.001697700 |
| Next Low | 0.001649800 |
| 2nd Low | 0.001486200 |
| 3rd Low | 0.001479400 |
0.001720700 – 0.001739200 – 0.001536300 – 0.001649800 – 0.001486200 – 0.001479400
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Double bottom retreat down