SOL/BTC – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to fall.

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

A bearish movement downwards to the next support line at is certain.

Caution: A possible counter-trend in the direction of resistance at 0.001413300 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Southern Doji’ chart pattern is detected. The chart forms ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going 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