SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 0.001939900 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002056100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart shows ‘Last Engulfing Bottom:’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002313800 |
| 2nd High | 0.002231900 |
| Next High | 0.002056100 |
| Current Price | 0.002038500 |
| Next Low | 0.001939900 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001842700 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Bottom: