SOL/BTC – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The 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 at is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001413300 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Southern Doji’ candle pattern is detected. The candles show ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

0.001413300 – 0.001407100 – 0.001373500 – 0.001367700 – 0.001382100 – 0.001352100

Trading Signals: FOREX – SOL – SOL/BTC – BTC – Southern Doji – Rising Wedge Chart Pattern