SOL/BTC – 30M – SELL

The combination Solana/Bitcoin (SOL/BTC) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support line at is expected.

Caution: A possible counter-trend in the direction of the resistance line at 0.001612500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 0.0015669 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 0.001612500 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish signal. 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%.

0.001612500 – 0.001662300 – 0.001707300 – 0.001577400 – 0.001566900 – 0.001595500 — 49.906400699987 – 48.47162078026

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Double bottom retreat down – –