SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
The bearish trend down to the next support line at 0.001939900 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.002056100 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Last Engulfing Bottom:’ candle chart pattern is found. The candles show ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002550000 |
| 2nd High | 0.002313800 |
| Next High | 0.002056100 |
| Current Price | 0.002054200 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001842700 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Bottom: