SOL/BTC – 1H – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish descent down to the next support level at 0.002181800 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 0.002231900 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘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 success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002231900 |
| Current Price | 0.002179900 |
| Next Low | 0.002181800 |
| 2nd Low | 0.002148100 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing