SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) goes from the bearish trendline downwards

A continuation of the downward movement downwards to the next support line at 0.0011 will continue.

Caution: A possible change in the direction of the resistance zone at 0.00112 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.00110428 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 0.00112 could happen.
Consider stop-loss settings accordingly.

Additionally a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.00112 – 0.00112 – 0.00112 – 0.0011 – 0.00111 – 0.00111 —
0.001109200 – 0.001111200 —
50.818782839809 – 61.562859941342 —
– —
0.00112 – 1777172400

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