SOL/BTC – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 0.00121 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00125 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ candle pattern is found. The chart forms ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

0.00125 – 0.00126 – 0.00126 – 0.00121 – 0.00124 – 0.00124 —
0.001238800 – 0.001247400 —
49.50835117476 – 64.494449505404 —
– —
0.00125 – 1773025200

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Bearish Engulfing – – –