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 certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.00125 could occur.
Consider stop-loss settings accordingly.

Then a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 0.00121 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 0.00125 could occur.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

0.00125 – 0.00126 – 0.00126 – 0.00121 – 0.00123 – 0.00124 —
0.001237900 – 0.001235800 —
42.237975171214 – 40.17741503309 —
– —
0.00125 – 1774890000

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – – –