SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.00122 is expected.
Caution: A possible change in the direction of the resistance level at 0.00124 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The candles form ‘Collapsing Doji Star’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00126 |
| 2nd High | 0.00125 |
| Next High | 0.00124 |
| Current Price | 0.001232900 |
| Next Low | 0.00122 |
| 2nd Low | 0.00121 |
| 3rd Low | 0.0012 |
0.00124 – 0.00124 – 0.00125 – 0.00122 – 0.00122 – 0.00123 —
0.001227600 – 0.001238800 —
45.609994392809 – 55.99549325829 —
– —
0.00124 – 1773205200
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Collapsing Doji Star – Rising Wedge Chart Pattern – –