SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish movement downwards to the next support at 0.002472000 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.002534500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ candle pattern is detected. The chart shows ‘Bearish Engulfing’. this 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002599900 |
| 2nd High | 0.002550000 |
| Next High | 0.002534500 |
| Current Price | 0.002506400 |
| Next Low | 0.002472000 |
| 2nd Low | 0.002452300 |
| 3rd Low | 0.002427200 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing