SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.002423400 is likely expected.
Caution: A possible change in the direction of resistance at 0.002535500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bearish Engulfing’ candle pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002681000 |
| 2nd High | 0.002599900 |
| Next High | 0.002535500 |
| Current Price | 0.002474100 |
| Next Low | 0.002423400 |
| 2nd Low | 0.002356800 |
| 3rd Low | 0.002334200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing