SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.002346700 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 0.002441900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002675400 |
| 2nd High | 0.002459000 |
| Next High | 0.002441900 |
| Current Price | 0.002385400 |
| Next Low | 0.002346700 |
| 2nd Low | 0.002310300 |
| 3rd Low | 0.002307000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing