SOL/BTC – 30M – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) moves from the ascending trendline down.
A bearish movement downwards to the next support level at 0.001773900 is expected.
Caution: A possible change in the direction of the resistance zone at 0.001834200 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Last Engulfing Top’ candlestick pattern is discovered. The candles form ‘Last Engulfing Top’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001834200 |
| Current Price | 0.001798100 |
| Next Low | 0.001773900 |
| 2nd Low | 0.001760000 |
| 3rd Low | 0.001690200 |
0.001834200 – 0.001777800 – 0.001799000 – 0.001773900 – 0.001760000 – 0.001690200 — 62.981835007671 – 51.084846294013
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Last Engulfing Top – Rising Wedge Chart Pattern – –