SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.

A bearish movement down to the next support at 0.002152800 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 0.002249000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 0.0021528 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 0.002249000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ candle pattern is existing. The candles form ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download SOL/BTC Signal Image

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