SOL/BTC – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A descent downwards to the next support at 0.001445000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 0.001509500 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Tweezers Top’ candle chart pattern is discovered. The candles show ‘Tweezers Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001616800 |
| 2nd High | 0.001560000 |
| Next High | 0.001509500 |
| Current Price | 0.001515800 |
| Next Low | 0.001445000 |
| 2nd Low | 0.001396000 |
| 3rd Low | 0.001357400 |
0.001503600 – 0.001473200 – 0.001400000 – 0.001445000 – 0.001447400 – 0.001396000
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Tweezers Top – Rising Wedge Chart Pattern