SOL/BTC – 4H – SELL

The combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline downwards

The bearish trend down to the next support line at 0.001522800 is expected.

Caution: A possible change in the direction of resistance at 0.001739200 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 0.0014314024 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 0.001739200 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candle chart pattern is discovered. The chart shows ‘Two Crows’. this 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001739200 – 0.001536300 – 0.001423500 – 0.001522800 – 0.001347600 – 0.001348800 — 40.013719855938 – 37.193596820314

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern –