SOL/BTC – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A continuation of the downward movement downwards to the next support line at 0.001367700 is considered certain.

Caution: A possible change in the direction of the resistance level at 0.001413300 could occur.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 0.00138195 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 0.001413300 could occur.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.001413300 – 0.001407100 – 0.001373500 – 0.001367700 – 0.001382100 – 0.001352100

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern