SOL/BTC – 1H – SELL

The combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 0.00105 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00106 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Engulfing’ candlestick pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish signal. 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%.

0.00106 – 0.00107 – 0.00106 – 0.00105 – 0.00102 – 0.00104 —
0.001053900 – 0.001056300 —
54.300182531005 – 48.112639951935 —
– —
0.00106 – 1781200800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –