SOL/BTC – 1H – SELLThe currency pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the downward movement down to the next support level at 0.002297700 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002524200 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002550000 |
| 2nd High | 0.002534500 |
| Next High | 0.002524200 |
| Current Price | 0.002463100 |
| Next Low | 0.002297700 |
| 2nd Low | 0.002250700 |
| 3rd Low | 0.002247800 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing