SOL/BTC – 1H – SELL

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 0.001811300 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.001837500 is within the realm of possibility.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0018044 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 0.001837500 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Matching Low’ candlestick chart pattern is detected. The candles show ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.001837500 – 0.001856700 – 0.001904700 – 0.001811300 – 0.001818700 – 0.001858100 — 42.186939188461 – 41.498654199878

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – – –