SOL/BTC – 1H – SELL

Moreover a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.

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

A descent downwards to the next support line at 0.001581400 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 0.001662300 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. 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 will continue. Current target is 0.0015161448 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 0.001662300 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Black Crows’ candle chart pattern is found. The candles show ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

0.001662300 – 0.001707300 – 0.001697000 – 0.001581400 – 0.001610400 – 0.001464100 — 28.438270420088 – 27.370664823335

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