SOL/BTC – 1H – SELLThen a ‘Double top chart pattern’ chart pattern is existing. The chart picture forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A bearish movement down to the next support line at 0.001529200 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.001631400 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ candle pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001631400 |
| Current Price | 0.001555000 |
| Next Low | 0.001529200 |
| 2nd Low | 0.001522800 |
| 3rd Low | 0.001486200 |
0.001631400 – 0.001594600 – 0.001613600 – 0.001563400 – 0.001562500 – 0.001529200 — 46.463648045153 – 41.059693226301
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Double top chart pattern –