SOL/BTC – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.001563400 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.001594600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI cross above 70’ indicator signal is existing. The indicator is ‘RSI cross above 70’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘Two Crows’ candle pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

0.001594600 – 0.001613600 – 0.001591100 – 0.001563400 – 0.001562500 – 0.001529200 — 52.376349213688 – 48.222813589508

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Symmetrical Triangle Chart Pattern –