SOL/BTC – 30M – SELL

The pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.

The bearish trend downwards to the next support at 0.001357400 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 0.001400000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0013876336 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.001400000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Southern Doji’ chart pattern is existing. The candles form ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

0.001400000 – 0.001397300 – 0.001375800 – 0.001357400 – 0.001347600 – 0.001352800

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Southern Doji – Double bottom chart pattern