SOL/BTC – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards

A bearish descent downwards to the next support line at 0.001563400 will continue.

Caution: A possible change in the direction of the resistance zone at 0.001631400 is within the realm of possibility.
Consider stop-loss settings accordingly.

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

Additionally a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0015771 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 0.001631400 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish 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’ heading down is 82%.

0.001631400 – 0.001594600 – 0.001613600 – 0.001563400 – 0.001562500 – 0.001529200 — 43.418620555606 – 41.368866610696

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