SOL/BTC – 30M – SELL

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

The bearish trend downwards to the next support line at 0.001530400 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.001606700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.001606700 – 0.001609900 – 0.001719800 – 0.001530400 – 0.001566900 – 0.001664400 — 35.255861086741 – 34.551232776216

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern –