SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A bearish trend down to the next support line at 0.001464100 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.001720700 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001740400 |
| 2nd High | 0.001739200 |
| Next High | 0.001720700 |
| Current Price | 0.001621100 |
| Next Low | 0.001464100 |
| 2nd Low | 0.001456400 |
| 3rd Low | 0.001421300 |
0.001555700 – 0.001586200 – 0.001469500 – 0.001464100 – 0.001508300 – 0.001456400 — 52.009156626153 – 51.443372688159
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Triple bottom chart pattern – –