SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support at 0.0011 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.00112 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00115 |
| 2nd High | 0.00114 |
| Next High | 0.00112 |
| Current Price | 0.001113500 |
| Next Low | 0.0011 |
| 2nd Low | 0.00109 |
| 3rd Low |
0.00112 – 0.00111 – 0.00114 – 0.0011 – 0.00109 – 0.00112 —
0.001112600 – 0.001113900 —
56.586440346012 – 56.057040610752 —
– —
0.00112 – 1777060800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –