SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline down.
The bearish trend down to the next support level at 0.002596700 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 0.002668600 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. which 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002693600 |
| 2nd High | 0.002681000 |
| Next High | 0.002668600 |
| Current Price | 0.002603500 |
| Next Low | 0.002596700 |
| 2nd Low | 0.002535200 |
| 3rd Low | 0.002449300 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing