SOL/BTC – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 0.001858500 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 0.001952400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 0.0018191 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 0.001952400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Three Black Crows’ candle pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.001952400 – 0.001887700 – 0.001881300 – 0.001858500 – 0.001844600 – 0.001818200 — 43.738106144024 – 42.306452693385

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