SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.001842700 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002056100 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Bottom:’ candle pattern is found. The candles form ‘Last Engulfing Bottom:’. which is a negative signal. The currency 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 | 0.002550000 |
| 2nd High | 0.002313800 |
| Next High | 0.002056100 |
| Current Price | 0.002038500 |
| Next Low | 0.001842700 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Bottom: