SOL/BTC – 1H – SELL

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

A bearish movement down to the next support level at 0.001562300 will persist.

Caution: A possible change in the direction of the resistance zone at 0.001655200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 0.0015623 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 0.001655200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘On Neck’ candlestick pattern is discovered. The chart shows ‘On Neck’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘On Neck’ heading down is 56% (Bull Market) & 58% (Bear Market).

0.001655200 – 0.001612500 – 0.001662300 – 0.001562300 – 0.001577400 – 0.001566900 — 34.948248369501 – 34.179074942294

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – On Neck – Double top chart pattern – –