There is also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
The combination Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A descent downwards to the next support level at 0.001367700 will continue.
Caution: A possible change in the direction of the resistance level at 0.001421100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001421100 |
| Current Price | 0.001382400 |
| Next Low | 0.001367700 |
| 2nd Low | 0.001352100 |
| 3rd Low | 0.001350600 |
0.001421100 – 0.001413300 – 0.001407100 – 0.001367700 – 0.001382100 – 0.001352100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern