SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 0.001818700 will persist.
Caution: A possible change in the direction of the resistance line at 0.001880600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Last Engulfing Top’ candle pattern is existing. The candles show ‘Last Engulfing Top’. which is a negative 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 ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001904700 |
| 2nd High | 0.001895800 |
| Next High | 0.001880600 |
| Current Price | 0.001843600 |
| Next Low | 0.001818700 |
| 2nd Low | 0.001804400 |
| 3rd Low | 0.001797600 |
0.001880600 – 0.001895800 – 0.001904700 – 0.001818700 – 0.001858100 – 0.001861200 — 57.06632594311 – 54.352376820694
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Double bottom chart pattern – –