SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downtrend down to the next support level at 0.002356800 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.002562900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle pattern is existing. The candles show ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002707000 |
| 2nd High | 0.002693600 |
| Next High | 0.002562900 |
| Current Price | 0.002496900 |
| Next Low | 0.002356800 |
| 2nd Low | 0.002334200 |
| 3rd Low | 0.002310300 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing