SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.001557500 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001599400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Furthermore a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. this 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001599400 – 0.001590300 – 0.001592200 – 0.001557500 – 0.001548000 – 0.001567700 — 53.559602323658 – 50.294870763396

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Triple bottom chart pattern – –