SOL/BTC – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart layout is detected. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.

A bearish trend down to the next support line at 0.001486800 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.001533400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

Next a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. 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 probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001533400 – 0.001536300 – 0.001503600 – 0.001486800 – 0.001479400 – 0.001445000

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