SOL/BTC – 30M – SELL

The pair Solana/Bitcoin (SOL/BTC) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support level at 0.00111 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.00112 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ” indicator signal is existing. The indicator shows ”. which is often a bullish chart scenario. The currency pair is likely to rise.

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And also a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.00111 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.00112 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.00112 – 0.00113 – 0.00112 – 0.00112 – 0.00112 – 0.00112 —
0.001119900 – 0.001115900 —
43.225611272463 – 38.105844047155 —
– —
0.00112 – 1780192800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –