SOL/BTC – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards

A descending movement down to the next support at 0.001785400 is expected.

Caution: A possible change in the direction of resistance at 0.001881300 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Next a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001881300 – 0.001848000 – 0.001834200 – 0.001785400 – 0.001773900 – 0.001760000 — 39.544193440032 – 37.268756062354

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