SOL/BTC – 30M – SELL

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

A descent down to the next support at 0.00111 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 0.00116 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.00109 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.00116 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Matching Low’ chart pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.00116 – 0.00116 – 0.00115 – 0.00112 – 0.00114 – 0.00111 —
0.001124300 – 0.001118300 —
44.30270667998 – 32.839564090235 —
– —
0.00116 – 1782111600

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Symmetrical Triangle Chart Pattern – –