Sell SOL/BTC – 30M – SELL

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The combination Solana/Bitcoin (SOL/BTC) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance line at 0.001758900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 0.00165 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.001758900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ chart pattern is existing. The candles show ‘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 probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High 0.001794300
2nd High 0.001793300
Next High 0.001758900
Current Price 0.001609200
Next Low
2nd Low
3rd Low

Download SOL/BTC Signal Image

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