SOL/BTC – 30M – SELL

The pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards

A descending movement downwards to the next support level at 0.00123 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.00124 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ” indicator layout is existing. The indicator is ”. this is usually a bearish signal. The currency pair is likely to fall.

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Next a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Last Engulfing Bottom:’ candle chart pattern is detected. The chart forms ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

0.00124 – 0.00124 – 0.00121 – 0.00123 – 0.00122 – 0.00118 —
0.001253300 – 0.001261700 —
79.750414742694 – 70.880605750107 —
– —
0.00124 – 1771039800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Bottom: – – –