SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.

A continuation of the downtrend downwards to the next support line at 0.001464800 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.001507300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘RSI fall below 30’ indicator signal is found. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘StochRSI fall below 80’ indicator signal is found. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Shooting Star’ candle pattern is discovered. The chart shows ‘Shooting Star’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

0.001507300 – 0.001555700 – 0.001586200 – 0.001464800 – 0.001508400 – 0.001508300 — 41.503604021111 – 41.503604021111

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Shooting Star – Rising Wedge Chart Pattern – –