SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.

A bearish descent down to the next support at 0.002009300 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.002106800 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.00207525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.002106800 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Last Engulfing Top’ candle chart pattern is found. The chart shows ‘Last Engulfing Top’. 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 chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

0.002064900 – 0.002043500 – 0.002106800 – 0.002009300 – 0.002001500 – 0.002012200 — 73.845283981931 – 69.118123202101

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Triple bottom chart pattern – –