SOL/BTC – 4H – SELL

The currency pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards

A bearish descent downwards to the next support line at 0.001347600 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.001739200 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.00151385 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.001739200 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Black Crows’ candle pattern is existing. The chart shows ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.

0.001739200 – 0.001536300 – 0.001423500 – 0.001347600 – 0.001348800 – 0.001350600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –