SOL/BTC – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 0.001825600 is likely expected.

Caution: A possible change in the direction of resistance at 0.001888700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 0.0018522444 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 0.001888700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Two Crows’ candle chart pattern is detected. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001888700 – 0.001888900 – 0.001909900 – 0.001825600 – 0.001858500 – 0.001875600 — 53.646659541419 – 52.632883624649

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – – –