SOL/BTC – 1H – SELL

The combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards

A bearish trend downwards to the next support level at 0.002440100 is considered certain.

Caution: A possible change in the direction of the resistance zone at 0.002693600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.00253395 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.002693600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download SOL/BTC Signal Image

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows