SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.

A bearish descent downwards to the next support at 0.001773900 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.001834200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0017758372 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 0.001834200 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative 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 ‘Three Black Crows’ heading down is 82%.

0.001834200 – 0.001777800 – 0.001799000 – 0.001773900 – 0.001760000 – 0.001690200 — 55.437870504607 – 50.277855061043

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Double bottom retreat down – –