SOL/BTC – 1H – SELL

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

A continuation of the downtrend down to the next support level at 0.00102 is likely expected.

Caution: A possible change in the direction of the resistance zone at 0.00107 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

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 0.00104 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 0.00107 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

0.00106 – 0.00107 – 0.00106 – 0.00102 – 0.00104 – 0.00104 —
0.001056700 – 0.001063200 —
58.787999695434 – 64.162016414597 —
– —
0.00106 – 1781200800

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –