SOL/BTC – 4H – SELLThe combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A bearish movement downwards to the next support line at 0.0014 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 0.001434800 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00187 |
| 2nd High | 0.00146 |
| Next High | 0.001434800 |
| Current Price | 0.001406200 |
| Next Low | 0.0014 |
| 2nd Low | 0.00135 |
| 3rd Low | 0.00129 |
0.001434800 – 0.00146 – 0.00187 – 0.00141 – 0.0014 – 0.0018 —
0.001434800 – 0.001410900 —
48.555810143807 – 46.696076686507 —
0.001434800 – 1769328000 —
– 1769328000
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –