SOL/BTC – 30M – SELL

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

A continuation of the downward movement down to the next support line at 0.001557500 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001599400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Besides a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.001599400 – 0.001590300 – 0.001592200 – 0.001557500 – 0.001548000 – 0.001567700 — 48.932444389906 – 48.219959985538

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Triple bottom chart pattern – –