SOL/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support line at 0.0011 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 0.00112 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 0.0011007 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 0.00112 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Inside Down’ chart pattern is discovered. The chart forms ‘Three Inside Down’. this 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 ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

0.00112 – 0.00111 – 0.00114 – 0.0011 – 0.00109 – 0.00112 —
0.001113600 – 0.001117700 —
59.337256815432 – 61.909241254859 —
– —
0.00112 – 1777060800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Inside Down – Symmetrical Triangle Chart Pattern – –