SOL/BTC – 1H – SELL

Furthermore a ‘Symmetrical Triangle Chart Pattern’ chart formation is found. The chart shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

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

A descending movement down to the next support level at 0.001087700 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00111 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ candlestick pattern is detected. The candles show ‘Bearish Engulfing’. which is a negative 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 ‘Bearish Engulfing’ heading down is 79%.

0.00111 – 0.00113 – 0.00113 – 0.001087700 – 0.00109 – 0.00111 —
0.001093200 – 0.001097000 —
34.77617720873 – 42.640154341421 —
0.001087700 – 1781852400 —
0.00111 – 1781834400

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