SOL/BTC – 30M – SELL

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

A bearish movement downwards to the next support line at 0.00115 will continue.

Caution: A possible change in the direction of the resistance level at 0.00117 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.001135 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.00117 should always be considered.
Consider stop-loss settings accordingly.

Next a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

0.00117 – 0.00116 – 0.00111 – 0.00115 – 0.00114 – 0.0011 —
0.001155500 – 0.001155000 —
45.591958225495 – 45.119902053435 —
– —
0.00117 – 1778311800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –