SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 0.002093000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 0.002154500 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.002154500 – 0.002117700 – 0.002064900 – 0.002093000 – 0.002075600 – 0.002009300 — 37.436066981181 – 35.835180461704

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –