SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 0.001486200 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.001536300 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Last Engulfing Top’ candle chart pattern is detected. The candles form ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001616800 |
| 2nd High | 0.001560000 |
| Next High | 0.001536300 |
| Current Price | 0.001534700 |
| Next Low | 0.001486200 |
| 2nd Low | 0.001479400 |
| 3rd Low | 0.001445000 |
0.001536300 – 0.001503600 – 0.001395300 – 0.001486200 – 0.001479400 – 0.001445000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Last Engulfing Top – Triple bottom chart pattern