Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 0.001622400 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 0.001655200 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Black Crows’ chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish signal. The 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.001707300 |
| 2nd High | 0.001662300 |
| Next High | 0.001655200 |
| Current Price | 0.001625600 |
| Next Low | 0.001622400 |
| 2nd Low | 0.001618700 |
| 3rd Low | 0.001598300 |
0.001655200 – 0.001641300 – 0.001608800 – 0.001622400 – 0.001618700 – 0.001598300 — 46.255727958679 – 45.02585921455
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –