SOL/BTC – 1H – SELL

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 0.001529200 is expected.

Caution: A possible change in the direction of the resistance level at 0.001631400 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘RSI cross above 30’ indicator signal is discovered. The indicator is ‘RSI cross above 30’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Then a ‘Matching Low’ candlestick chart pattern is existing. The candles show ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.001631400 – 0.001594600 – 0.001613600 – 0.001563400 – 0.001562500 – 0.001529200 — 31.549728463761 – 31.399327997907

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Double bottom retreat down –