SOL/BTC – 4H – SELL

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

A continuation of the downward movement downwards to the next support at is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 0.001509500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.001509500 – 0.001560000 – 0.001632600 – 0.001360100 – 0.001407200 – 0.001407400

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