SOL/BTC – 1H – SELL

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

The bearish trend downwards to the next support level at 0.001563400 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.001720700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI fall below 70’ indicator layout is existing. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0015695044 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.001720700 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001594600 – 0.001613600 – 0.001606700 – 0.001563400 – 0.001562500 – 0.001529200 — 63.073908702904 – 62.176191168058

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