SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 0.002250700 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.002445500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 0.0022977 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 0.002445500 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002524200 |
| 2nd High | 0.002506000 |
| Next High | 0.002445500 |
| Current Price | 0.002286500 |
| Next Low | 0.002250700 |
| 2nd Low | 0.002247800 |
| 3rd Low | 0.002209100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing