The combination Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support at 0.00104 is expected.
Caution: A possible change in the direction of the resistance level at 0.00107 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.
Also there is a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00112 |
| 2nd High | 0.0011 |
| Next High | 0.00107 |
| Current Price | 0.001053700 |
| Next Low | 0.00104 |
| 2nd Low | 0.00103 |
| 3rd Low | 0.00102 |
0.00107 – 0.00106 – 0.00106 – 0.00105 – 0.00105 – 0.00104 —
0.001051800 – 0.001055500 —
41.333132948353 – 55.980599344639 —
– —
0.00107 – 1781276400
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –