The combination Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 0.002148100 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002249000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
Support & Resistance | Price Range* |
---|---|
3rd High | 0.002377000 |
2nd High | 0.002322500 |
Next High | 0.002249000 |
Current Price | 0.002244300 |
Next Low | 0.002148100 |
2nd Low | |
3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing