SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.002535200 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.002671900 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candle chart pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. 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 | 0.002707000 |
| 2nd High | 0.002693600 |
| Next High | 0.002671900 |
| Current Price | 0.002638800 |
| Next Low | 0.002535200 |
| 2nd Low | 0.002449300 |
| 3rd Low | 0.002440100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing