SOL/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support at 0.001522800 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 0.001631400 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘RSI fall below 30’ indicator signal is found. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ candle pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. 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%.

0.001631400 – 0.001594600 – 0.001613600 – 0.001538100 – 0.001563400 – 0.001562500 — 31.794453179663 – 30.894923712403

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