SOL/BTC – 30M – SELL

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

A descending movement downwards to the next support level at 0.00112 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00119 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Then a ‘On Neck’ candle chart pattern is found. The chart shows ‘On Neck’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.00119 – 0.0012 – 0.00121 – 0.00117 – 0.00118 – 0.00118 —
0.001176300 – 0.001173000 —
39.742564274624 – 37.374928898519 —
– —
0.00119 – 1775484000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – On Neck – Rising Wedge Chart Pattern – –