SOL/BTC – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 0.001620000 will persist.

Caution: A possible counter-trend in the direction of resistance at 0.001707300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.0015857 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 0.001707300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

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 – –