SOL/BTC – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at is certain.

Caution: A possible change in the direction of the resistance line at 0.001856700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often 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 certain. Current target is 0.0018187 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 0.001856700 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

0.001856700 – 0.001880600 – 0.001895800 – 0.001818700 – 0.001858100 – 0.001861200 — 47.918157013131 – 47.250201098762

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