SOL/BTC – 30M – SELLThe pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A bearish movement down to the next support at 0.002114300 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 0.002204400 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘Last Engulfing Top’ candle chart pattern is detected. The candles show ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002293000 |
| 2nd High | 0.002232400 |
| Next High | 0.002204400 |
| Current Price | 0.002119700 |
| Next Low | 0.002114300 |
| 2nd Low | 0.002017800 |
| 3rd Low | 0.001943400 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top