SOL/BTC – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

The pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline down.

A descending movement down to the next support level at 0.001620000 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 0.001707300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 0.0015857 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 0.001707300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

0.001707300 – 0.001697000 – 0.001670800 – 0.001620000 – 0.001610400 – 0.001464100 — 37.609705924705 – 35.152209270315

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