SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downward movement down to the next support level at 0.001943400 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.001984000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The 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 | 0.002009000 |
| 2nd High | 0.002000800 |
| Next High | 0.001984000 |
| Current Price | 0.001961600 |
| Next Low | 0.001943400 |
| 2nd Low | 0.001939900 |
| 3rd Low | 0.001878000 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing