SOL/BTC – 1H – SELL

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

A descent down to the next support line at 0.001471000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001539900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.001471 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 0.001539900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Two Crows’ candlestick pattern is existing. The chart forms ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001539900 – 0.001567700 – 0.001631400 – 0.001471000 – 0.001538100 – 0.001563400 — 41.882383400175 – 39.859709705567

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern –