SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards
A descent down to the next support at 0.002017800 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.002169000 could happen.
Consider stop-loss settings accordingly.
Next a ‘Last Engulfing Bottom:’ candlestick pattern is found. The candles form ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002231900 |
| 2nd High | 0.002177600 |
| Next High | 0.002169000 |
| Current Price | 0.002124000 |
| Next Low | 0.002017800 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Bottom: