SOL/BTC – 30M – SELL

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

A descent down to the next support line at 0.001529200 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.001606700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 0.0015912606 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 0.001606700 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Inside Down’ candlestick pattern is found. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

0.001591100 – 0.001561600 – 0.001606700 – 0.001529200 – 0.001522800 – 0.001530400 — 68.79517431549 – 58.23716513907

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Down – Double bottom retreat down –