SOL/BTC – 30M – SELLThe currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish trend downwards to the next support at 0.002017800 is likely expected.
Caution: A possible change in the direction of the resistance line at 0.002169000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Last Engulfing Top’ candlestick chart pattern is found. The candles show ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002231900 |
| 2nd High | 0.002177600 |
| Next High | 0.002169000 |
| Current Price | 0.002142500 |
| Next Low | 0.002017800 |
| 2nd Low | 0.001943400 |
| 3rd Low | 0.001939900 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top