SOL/BTC – 1H – SELL

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

A descending movement down to the next support line at 0.001610400 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 0.001697000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often 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 will persist. Current target is 0.0016402184 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 0.001697000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

0.001697000 – 0.001555700 – 0.001586200 – 0.001610400 – 0.001464100 – 0.001508300 — 63.406783880772 – 59.949769763174

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