SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
A bearish movement down to the next support at 0.001895600 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.001931800 could happen.
Consider stop-loss settings accordingly.
Additionally a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 0.001952400 |
| Next High | 0.001931800 |
| Current Price | 0.001926700 |
| Next Low | 0.001895600 |
| 2nd Low | 0.001817400 |
| 3rd Low | 0.001811300 |
0.001931800 – 0.001837500 – 0.001856700 – 0.001895600 – 0.001817400 – 0.001811300 — 63.550865688206 – 57.614931760447
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Northern Doji – Double bottom retreat down – –