SOL/BTC – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.0010609 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.00107 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

0.00107 – 0.00107 – 0.00108 – 0.001060900 – 0.00107 – 0.00107 —
0.001064000 – 0.001066400 —
39.421721970199 – 45.913280055135 —
0.001060900 – 1777876200 —
0.00107 – 1777861800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Belt Hold – – –