SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish descent downwards to the next support line at 0.001347600 is expected.
Caution: A possible counter-trend in the direction of resistance at 0.001536300 could be enabled.
Consider stop-loss settings accordingly.
There is also a ‘Last Engulfing Top’ chart pattern is found. The candles show ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001632600 |
| 2nd High | 0.001560000 |
| Next High | 0.001536300 |
| Current Price | 0.001533000 |
| Next Low | 0.001347600 |
| 2nd Low | 0.001288500 |
| 3rd Low | 0.001256200 |
0.001536300 – 0.001423500 – 0.001487300 – 0.001347600 – 0.001348800 – 0.001350600
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Last Engulfing Top –