SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 0.00101 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00104 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.0011 |
| 2nd High | 0.00107 |
| Next High | 0.00104 |
| Current Price | 0.001025400 |
| Next Low | 0.00101 |
| 2nd Low | |
| 3rd Low |
0.00104 – 0.00107 – 0.0011 – 0.00101 – 0.00104 – 0.00107 —
0.001027200 – 0.001028000 —
39.274678369549 – 45.108511875459 —
– —
0.00104 – 1780738200
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –