SOL/BTC – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline down.
A bearish movement down to the next support line at 0.001910000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 0.001986100 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Two Crows’ candlestick pattern is found. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001986100 |
| Current Price | 0.001957200 |
| Next Low | 0.001910000 |
| 2nd Low | 0.001895600 |
| 3rd Low | 0.001862400 |
0.001986100 – 0.001947000 – 0.001931800 – 0.001910000 – 0.001895600 – 0.001862400 — 49.996262633865 – 48.062331067233
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern – –