SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 0.002289400 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.002377000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Bearish Engulfing’ candlestick pattern is existing. The chart shows ‘Bearish Engulfing’. this is a bearish 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 | 0.002437100 |
| 2nd High | 0.002411300 |
| Next High | 0.002377000 |
| Current Price | 0.002293200 |
| Next Low | 0.002289400 |
| 2nd Low | 0.002250700 |
| 3rd Low | 0.002247800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing