SOL/BTC – 4H – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The currency pair Solana/Bitcoin (SOL/BTC) goes from the ascending trendline downwards

The bearish trend down to the next support line at 0.001811300 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 0.002155500 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 0.00192065 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.002155500 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Matching Low’ candlestick pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

0.002155500 – 0.001905000 – 0.001952400 – 0.001811300 – 0.001797600 – 0.001825600 — 47.180739357542 – 46.55915236736

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –