SOL/BTC – 4H – SELL

The pair Solana/Bitcoin (SOL/BTC) goes from the descending trendline down.

A continuation of the bearish trend downwards to the next support level at 0.001347600 will continue.

Caution: A possible trend reversal in the direction of resistance at 0.001631400 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

And also a ‘RSI cross above 30’ indicator signal is detected. The indicator is ‘RSI cross above 30’. which could be a negative signal. The pair is likely to go down.

And also a ‘StochRSI cross above 20’ indicator signal is detected. The indicator is ‘StochRSI cross above 20’. which could be a negative signal. The pair is likely to go down.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

And also a ‘Two Crows’ chart pattern is detected. The candles form ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001631400 – 0.001739200 – 0.001536300 – 0.001522800 – 0.001347600 – 0.001348800 — 31.370515135824 – 30.533823059386

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – – –