SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.002512400 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.002562900 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002707000 |
| 2nd High | 0.002693600 |
| Next High | 0.002562900 |
| Current Price | 0.002526800 |
| Next Low | 0.002512400 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing