SOL/BTC – 4H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.

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

A bearish trend downwards to the next support line at 0.001811300 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 0.002155500 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 0.00192065 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 0.002155500 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002155500 – 0.001905000 – 0.001952400 – 0.001811300 – 0.001797600 – 0.001825600 — 47.180739357542 – 46.55915236736

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