SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards
A bearish movement downwards to the next support at 0.00129 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0.00143 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00187 |
| 2nd High | 0.00146 |
| Next High | 0.00143 |
| Current Price | 0.001291500 |
| Next Low | 0.00129 |
| 2nd Low | 0.00126 |
| 3rd Low |
0.00143 – 0.00143 – 0.00146 – 0.00136 – 0.00141 – 0.0014 —
0.001330000 – 0.001321600 —
38.307284545754 – 36.976729585326 —
– —
0.00143 – 1769529600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Rising Wedge Chart Pattern – –