SOL/BTC – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is discovered. The chart shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards

The bearish trend downwards to the next support line at 0.001486200 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001533400 should be noted.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.001533400 – 0.001536300 – 0.001503600 – 0.001486200 – 0.001486800 – 0.001479400

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Matching Low – Symmetrical Triangle Chart Pattern