SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 0.001968400 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.002009200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish pattern 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 | 0.002035900 |
| 2nd High | 0.002023400 |
| Next High | 0.002009200 |
| Current Price | 0.001995500 |
| Next Low | 0.001968400 |
| 2nd Low | 0.001951500 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing