SOL/BTC – 1H – SELL

The combination Solana/Bitcoin (SOL/BTC) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.001347600 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.001395300 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0013655124 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 0.001395300 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.001395300 – 0.001379400 – 0.001423500 – 0.001347600 – 0.001349000 – 0.001348800

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern