SOL/BTC – 1H – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

A bearish descent downwards to the next support line at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.001720700 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘RSI cross above 30’ indicator layout is existing. The indicator shows ‘RSI cross above 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Two Crows’ candlestick pattern is found. The candles form ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001720700 – 0.001739200 – 0.001536300 – 0.001649800 – 0.001486200 – 0.001479400

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern –