SOL/BTC – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 0.00109 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 0.001102600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘RSI Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bearish Divergence’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 0.00109 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 0.001102600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. 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 chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001102600 – 0.0011 – 0.00111 – 0.00109 – 0.0011 – 0.00111 —
0.001102600 – 0.001101500 —
50.491920335174 – 51.986121829835 —
0.001102600 – 1777003200 —
– 1777003200

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – – –