SOL/BTC – 1H – SELL

The pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards

A descent downwards to the next support level at 0.001445000 will persist.

Caution: A possible change in the direction of resistance at 0.001560000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.001503600 – 0.001395300 – 0.001379400 – 0.001445000 – 0.001347600 – 0.001349000

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Outside Down – Triple bottom chart pattern