SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.

A bearish descent down to the next support level at 0.001529200 is certain.

Caution: A possible change in the direction of resistance at 0.001567700 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI cross above 30’ indicator signal is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair could go up.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001567700 – 0.001626700 – 0.001631400 – 0.001538100 – 0.001563400 – 0.001562500 — 36.759356350979 – 36.31870059227

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Double top retreat up –