SOL/BTC – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 0.001500000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.001543800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

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

In addition a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Two Crows’ chart pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001543800 – 0.001546100 – 0.001567700 – 0.001500000 – 0.001522700 – 0.001523300 — 41.270465505704 – 33.881163754377

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