SOL/BTC – 30M – SELL

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

A continuation of the downtrend down to the next support level at 0.001562500 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 0.001613600 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘RSI fall below 70’ indicator layout is found. The indicator shows ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

0.001613600 – 0.001591100 – 0.001561600 – 0.001562500 – 0.001529200 – 0.001522800 — 52.318074124477 – 51.270093885013

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –