SOL/BTC – 30M – SELL

Next a ‘Symmetrical Triangle Chart Pattern’ chart pattern is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A bearish descent down to the next support level at 0.001563400 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.001626700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The pair is likely to go down.

Next a ‘Three Outside Down’ candlestick pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going 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 –