SOL/BTC – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

The bearish trend downwards to the next support level at 0.001532500 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 0.001558200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. which could be a negative signal. The pair is likely to go down.

In addition a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. which could be a negative signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0015278268 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 0.001558200 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

0.001558200 – 0.001469500 – 0.001441300 – 0.001543200 – 0.001532500 – 0.001456400 — 45.058769708571 – 42.613833972512

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