SOL/BTC – 1H – SELLNext a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) goes from the bullish trendline down.
A descending movement down to the next support line at 0.001610400 will persist.
Caution: A possible change in the direction of resistance at 0.001697000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Matching Low’ candle pattern is found. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001697000 |
| Current Price | 0.001670600 |
| Next Low | 0.001610400 |
| 2nd Low | 0.001464100 |
| 3rd Low | 0.001456400 |
0.001697000 – 0.001555700 – 0.001586200 – 0.001610400 – 0.001464100 – 0.001508300 — 56.774658087052 – 56.296055861081
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –