SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 0.00136 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.00142 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.
Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Then a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00145 |
| 2nd High | 0.00143 |
| Next High | 0.00142 |
| Current Price | 0.001416800 |
| Next Low | 0.00136 |
| 2nd Low | 0.00135 |
| 3rd Low | 0.00129 |
0.00142 – 0.00141 – 0.00143 – 0.00136 – 0.00142 – 0.0014 —
0.001411700 – 0.001420000 —
52.148803979899 – 62.536534718471 —
– —
0.00142 – 1769450400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Head and Shoulder chart pattern – –