SOL/BTC – 4H – SELL

The pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards

A bearish trend downwards to the next support line at 0.001347600 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001487300 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.0014403832 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 0.001487300 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.001423500 – 0.001487300 – 0.001383300 – 0.001347600 – 0.001348800 – 0.001350600

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Outside Down – Triple bottom chart pattern