SOL/BTC – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A bearish trend downwards to the next support level at 0.001563400 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 0.001631400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.0015771 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 0.001631400 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

0.001631400 – 0.001594600 – 0.001613600 – 0.001563400 – 0.001562500 – 0.001529200 — 43.418620555606 – 41.368866610696

Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern –