SOL/BTC – 1H – SELL

The pair moves from the bullish trendline down.

A descending movement down to the next support at 0.002572000 will persist.

Caution: A possible change in the direction of the resistance line at 0.002659600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00250095 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.002659600 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three White Soldiers’ candle chart pattern is existing. The candles form ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

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