SOL/BTC – 4H – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.00112 is expected.
Caution: A possible trend reversal in the direction of resistance at 0.00117 could be enabled.
Consider stop-loss settings accordingly.
And also a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. this is a bearish signal. The 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 | 0.00121 |
| 2nd High | 0.0012 |
| Next High | 0.00117 |
| Current Price | 0.001134100 |
| Next Low | 0.00112 |
| 2nd Low | |
| 3rd Low |
0.00117 – 0.0012 – 0.00121 – 0.00115 – 0.00115 – 0.00117 —
0.001160100 – 0.001138000 —
46.582299936468 – 43.845098131722 —
– —
0.00117 – 1775937600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Rising Wedge Chart Pattern – –