SOL/BTC – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The combination Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A descent down to the next support at will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 0.001707300 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
Additionally a ‘Matching Low’ candlestick chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001739200 |
| 2nd High | 0.001720700 |
| Next High | 0.001707300 |
| Current Price | 0.001630200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
0.001707300 – 0.001697000 – 0.001555700 – 0.001581400 – 0.001610400 – 0.001464100 — 44.291219815101 – 44.059139986089
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Matching Low – Rising Wedge Chart Pattern – –