SOL/BTC – 30M – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 0.001878000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 0.002005000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.002023400 |
| 2nd High | 0.002009200 |
| Next High | 0.002005000 |
| Current Price | 0.001917500 |
| Next Low | 0.001878000 |
| 2nd Low | 0.001872200 |
| 3rd Low | 0.001853600 |
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing