SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.
A continuation of the bearish trend down to the next support line at 0.00136 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0.00141 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Two Crows’ candle chart pattern is found. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00145 |
| 2nd High | 0.00143 |
| Next High | 0.00141 |
| Current Price | 0.001406200 |
| Next Low | 0.00136 |
| 2nd Low | 0.00135 |
| 3rd Low | 0.00129 |
0.00141 – 0.00143 – 0.00143 – 0.00136 – 0.00142 – 0.0014 —
0.001408000 – 0.001415100 —
55.496089741106 – 60.50880871175 —
– —
0.00141 – 1769400000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – – –