SOL/BTC – 1H – SELL

Besides a ‘Double top chart pattern’ chart layout is detected. The chart picture forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A descending movement downwards to the next support level at 0.00136 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.00143 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ chart pattern is existing. The chart shows ‘Bearish Engulfing’. which 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 chance of ‘Bearish Engulfing’ heading down is 79%.

0.00143 – 0.00142 – 0.00141 – 0.0014 – 0.00136 – 0.00142 —
0.001408100 – 0.001405000 —
41.056783356229 – 38.399881002286 —
– —
0.00143 – 1769529600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Double top chart pattern – –