SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 0.002117600 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.002177600 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. 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 | 0.002293000 |
| 2nd High | 0.002231900 |
| Next High | 0.002177600 |
| Current Price | 0.002149300 |
| Next Low | 0.002117600 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing