SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 0.00116 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.00119 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00121 |
| 2nd High | 0.0012 |
| Next High | 0.00119 |
| Current Price | 0.001162300 |
| Next Low | 0.00116 |
| 2nd Low | 0.00112 |
| 3rd Low |
0.00119 – 0.0012 – 0.00121 – 0.00116 – 0.00117 – 0.00118 —
0.001161800 – 0.001165700 —
35.39780125415 – 44.325795910385 —
– —
0.00119 – 1775484000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –