SOL/BTC – 30M – SELL

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

A bearish movement down to the next support level at 0.001386000 is likely expected.

Caution: A possible change in the direction of the resistance line at 0.001421100 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.001406822 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 0.001421100 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Two Crows’ candlestick chart pattern is found. The candles show ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001421100 – 0.001384600 – 0.001413300 – 0.001386000 – 0.001367700 – 0.001382100

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern