SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.001957600 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0.001982000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002009000 |
| 2nd High | 0.001991300 |
| Next High | 0.001982000 |
| Current Price | 0.001964900 |
| Next Low | 0.001957600 |
| 2nd Low | 0.001878000 |
| 3rd Low | 0.001872200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing