SOL/BTC – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.00109 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 0.0011 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.0011 – 0.0011 – 0.0011 – 0.00109 – 0.00109 – 0.00109 —
0.001099300 – 0.001095400 —
60.921642483703 – 46.228153867532 —
– —
0.0011 – 1777478400

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – – –