SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.00102 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00106 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candlestick pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. 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 | 0.00112 |
| 2nd High | 0.00107 |
| Next High | 0.00106 |
| Current Price | 0.001048900 |
| Next Low | 0.00102 |
| 2nd Low | 0.00101 |
| 3rd Low |
0.00106 – 0.00107 – 0.00106 – 0.00102 – 0.00104 – 0.00104 —
0.001051700 – 0.001054800 —
58.133115326491 – 59.165342361461 —
– —
0.00106 – 1781200800
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –