SOL/BTC – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.
A bearish trend down to the next support line at 0.001610400 will persist.
Caution: A possible change in the direction of the resistance zone at 0.001697000 is also possible.
Consider stop-loss settings accordingly.
Additionally a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001697000 |
| Current Price | 0.001670600 |
| Next Low | 0.001610400 |
| 2nd Low | 0.001464100 |
| 3rd Low | 0.001456400 |
0.001697000 – 0.001555700 – 0.001586200 – 0.001610400 – 0.001464100 – 0.001508300 — 56.774658087052 – 56.296055861081
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –