SOL/BTC – 30M – SELL

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

A continuation of the downward movement down to the next support at 0.0011 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 0.00112 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 0.001105 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.00112 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

0.00112 – 0.00112 – 0.0011 – 0.00111 – 0.0011 – 0.00109 —
0.001112400 – 0.001115000 —
47.888219330708 – 56.168870493656 —
– —
0.00112 – 1777105800

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