SOL/BTC – 1H – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

The bearish trend downwards to the next support line at 0.002012200 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.002149000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.0020071 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.002149000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Two Crows’ candlestick chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.002149000 – 0.002155500 – 0.002104800 – 0.002012200 – 0.002007100 – 0.002047100 — 46.362224860109 – 45.18481763009

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