SOL/BTC – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart pattern is found. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A bearish trend downwards to the next support at 0.001563400 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.001626700 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candle chart pattern is existing. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001626700 – 0.001631400 – 0.001594600 – 0.001563400 – 0.001562500 – 0.001529200 — 34.503523113036 – 30.23393456127

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern –