SOL/BTC – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.
The combination Solana/Bitcoin (SOL/BTC) jumps from the bullish trendline down.
A bearish descent downwards to the next support level at 0.001910000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 0.001952400 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. this 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 ‘Two Crows’ heading 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 – –