SOL/BTC – 30M – SELL

There is also a ‘Symmetrical Triangle Chart Pattern’ chart layout is discovered. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards

A bearish trend down to the next support level at 0.00126 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001278800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.00125856 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 0.001278800 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. 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).

0.001278800 – 0.00128 – 0.00128 – 0.00126 – 0.00126 – 0.00125 —
0.001278800 – 0.001272000 —
66.300819907404 – 55.619204723865 —
0.001278800 – 1774017000 —
– 1774017000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Symmetrical Triangle Chart Pattern – –