SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 0.001566900 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001707300 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.
Besides a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001740400 |
| 2nd High | 0.001739200 |
| Next High | 0.001707300 |
| Current Price | 0.001595100 |
| Next Low | 0.001566900 |
| 2nd Low | 0.001464100 |
| 3rd Low | 0.001421300 |
0.001707300 – 0.001586200 – 0.001631400 – 0.001566900 – 0.001464100 – 0.001421300 — 54.072817489253 – 46.596651318648
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double top chart pattern – –