SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.

A bearish trend downwards to the next support level at 0.002001500 is considered certain.

Caution: A possible change in the direction of the resistance line at 0.002064900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002064900 – 0.002043500 – 0.002106800 – 0.002001500 – 0.002012200 – 0.002007100 — 41.317044069762 – 41.03109806342

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –