SOL/BTC – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The pair Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A descent downwards to the next support level at 0.001910000 is certain.
Caution: A possible counter-trend in the direction of resistance at 0.001952400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 0.001952400 |
| Current Price | 0.001943600 |
| Next Low | 0.001910000 |
| 2nd Low | 0.001895600 |
| 3rd Low | 0.001862400 |
0.001947000 – 0.001931800 – 0.001925300 – 0.001910000 – 0.001895600 – 0.001862400 — 60.007095966693 – 55.812459360328
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Two Crows – Rising Wedge Chart Pattern – –