SOL/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.00124 is certain.

Caution: A possible change in the direction of the resistance line at 0.00127 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is found. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Collapsing Doji Star’ chart pattern is found. The candles form ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

0.00127 – 0.00126 – 0.00124 – 0.00124 – 0.00123 – 0.00121 —
0.001263500 – 0.001252000 —
66.775246347583 – 50.125302460501 —
– —
0.00127 – 1771686000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Collapsing Doji Star – – –