SOL/BTC – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A bearish trend down to the next support level at 0.001532500 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 0.001558200 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘RSI fall below 70’ indicator signal is discovered. The indicator is ‘RSI fall below 70’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI fall below 80’ indicator signal is discovered. The indicator is ‘StochRSI fall below 80’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0015278268 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.001558200 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – –