SOL/BTC – 30M – SELL

The currency pair Solana/Bitcoin (SOL/BTC) moves from the bearish trendline down.

A continuation of the downtrend down to the next support level at 0.00121 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.00123 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

0.00123 – 0.00124 – 0.00125 – 0.00121 – 0.00123 – 0.00124 —
0.001221800 – 0.001226000 —
37.70573253109 – 51.4017668616 —
– —
0.00123 – 1772965800

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