SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A bearish descent down to the next support at 0.002356800 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.002432000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.00238805 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.002432000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002459000 |
| 2nd High | 0.002441900 |
| Next High | 0.002432000 |
| Current Price | 0.002390900 |
| Next Low | 0.002356800 |
| 2nd Low | 0.002334200 |
| 3rd Low | 0.002310300 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing