SOL/BTC – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The combination Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 0.001773900 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 0.001834200 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Last Engulfing Top’ candle chart pattern is found. The chart shows ‘Last Engulfing Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading 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 – –