SOL/BTC – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 0.0012 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00122 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

0.00122 – 0.00123 – 0.00124 – 0.0012 – 0.00121 – 0.00122 —
0.001212900 – 0.001211700 —
43.889028107359 – 42.425692265352 —
– —
0.00122 – 1770780600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –