SOL/BTC – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 0.002487 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.002599900 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002668600 |
| 2nd High | 0.002646300 |
| Next High | 0.002599900 |
| Current Price | 0.002509200 |
| Next Low | 0.002487000 |
| 2nd Low | 0.002449300 |
| 3rd Low | 0.002440100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing