SOL/BTC – 30M – SELL

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

A continuation of the bearish trend down to the next support at is considered certain.

Caution: A possible trend reversal in the direction of resistance at 0.00132 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

0.00132 – 0.00133 – 0.00132 – 0.00131 – 0.00128 – 0.00128 —
0.001316500 – 0.001316000 —
51.924142506955 – 44.882225215332 —
– —
0.00132 – 1783074600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – Rising Wedge Chart Pattern – –