SOL/BTC – 30M – SELL

Besides a ‘Symmetrical Triangle Chart Pattern’ chart pattern is existing. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A descent downwards to the next support line at 0.001352800 is considered certain.

Caution: A possible change in the direction of resistance at 0.001384500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 0.0013488 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 0.001384500 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.001384500 – 0.001395300 – 0.001379400 – 0.001352800 – 0.001349000 – 0.001348800

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Symmetrical Triangle Chart Pattern