SOL/BTC – 1H – SELLThe pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 0.001872200 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 0.002009200 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.0019515 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support line at 0.002009200 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002035900 |
| 2nd High | 0.002023400 |
| Next High | 0.002009200 |
| Current Price | 0.001930700 |
| Next Low | 0.001872200 |
| 2nd Low | 0.001842700 |
| 3rd Low |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing