SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 0.002499000 will continue.
Caution: A possible counter-trend in the direction of resistance at 0.002646300 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Bearish Engulfing’ candlestick pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. 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 | 0.002681000 |
| 2nd High | 0.002668600 |
| Next High | 0.002646300 |
| Current Price | 0.002581300 |
| Next Low | 0.002499000 |
| 2nd Low | 0.002449300 |
| 3rd Low | 0.002440100 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing