SOL/BTC – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.
The pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline downwards
A bearish descent down to the next support level at 0.001367700 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0.001421100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001509500 |
| 2nd High | 0.001487300 |
| Next High | 0.001421100 |
| Current Price | 0.001382400 |
| Next Low | 0.001367700 |
| 2nd Low | 0.001352100 |
| 3rd Low | 0.001350600 |
0.001421100 – 0.001413300 – 0.001407100 – 0.001367700 – 0.001382100 – 0.001352100
Trading Signals: FOREX – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern