SOL/BTC – 30M – SELL

The pair Solana/Bitcoin (SOL/BTC) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 0.001403700 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.001429300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0013897 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 0.001429300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.001429300 – 0.001439100 – 0.001469000 – 0.001403700 – 0.001389700 – 0.001451000

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