SOL/BTC – 30M – SELL

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

A continuation of the bearish trend down to the next support at 0.001529200 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.001591100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001591100 – 0.001561600 – 0.001606700 – 0.001529200 – 0.001522800 – 0.001530400 — 60.397390900623 – 58.126493693371

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Double bottom chart pattern –