SOL/BTC – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish descent down to the next support at 0.001610400 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 0.001697000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 0.00158055 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 0.001697000 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

0.001697000 – 0.001670800 – 0.001507300 – 0.001610400 – 0.001464100 – 0.001464800 — 45.817022582753 – 45.259300800186

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