SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.

A continuation of the downtrend down to the next support level at 0.001529200 is certain.

Caution: A possible counter-trend in the direction of resistance at 0.001567700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0015292 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support line at 0.001567700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Two Crows’ candle pattern is detected. The chart shows ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001567700 – 0.001626700 – 0.001631400 – 0.001538100 – 0.001563400 – 0.001562500 — 38.949896272963 – 37.898892617586

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Double top chart pattern –