SOL/BTC – 30M – SELL

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

A descending movement downwards to the next support line at 0.001456400 is certain.

Caution: A possible trend reversal in the direction of resistance at 0.001555700 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘RSI fall below 70’ indicator signal is discovered. The indicator is ‘RSI fall below 70’. this is usually a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 0.0015083 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 0.001555700 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001555700 – 0.001586200 – 0.001558200 – 0.001508400 – 0.001508300 – 0.001543200 — 32.338830220489 – 31.29639274328

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –