SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.
A continuation of the bearish trend down to the next support at 0.001842700 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.002231900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The 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 | 0.002322500 |
| 2nd High | 0.002313800 |
| Next High | 0.002231900 |
| Current Price | 0.001873300 |
| Next Low | 0.001842700 |
| 2nd Low | |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing