SOL/BTC – 1H – SELL

The currency pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline downwards

A descent downwards to the next support at 0.001773900 will continue.

Caution: A possible change in the direction of the resistance line at 0.001834200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. 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 continue. Current target is 0.0017688988 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 0.001834200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is detected. The chart shows ‘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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.001834200 – 0.001799000 – 0.001659700 – 0.001773900 – 0.001586900 – 0.001601400 — 59.927793539686 – 55.537396049174

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Double bottom retreat down – –