SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.002531800 will continue.
Caution: A possible trend reversal in the direction of resistance at 0.002598200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002668600 |
| 2nd High | 0.002646300 |
| Next High | 0.002598200 |
| Current Price | 0.002577900 |
| Next Low | 0.002531800 |
| 2nd Low | 0.002499000 |
| 3rd Low | 0.002449300 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing