SOL/BTC – 1H – SELL

The combination Solana/Bitcoin (SOL/BTC) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support at will continue.

Caution: A possible change in the direction of the resistance level at 0.00124 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.0012207 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 0.00124 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Inside Down’ candle pattern is existing. The candles show ‘Three Inside Down’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.00124 – 0.00125 – 0.00125 – 0.001221900 – 0.00122 – 0.00123 —
0.001229100 – 0.001237600 —
43.022038599477 – 57.263922629668 —
0.001221900 – 1773176400 —
0.00124 – 1773162000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Down – – –