SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 0.002297700 is considered certain.
Caution: A possible change in the direction of the resistance zone at 0.002377000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002437100 |
| 2nd High | 0.002411300 |
| Next High | 0.002377000 |
| Current Price | 0.002338700 |
| Next Low | 0.002297700 |
| 2nd Low | 0.002250700 |
| 3rd Low | 0.002247800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing