There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Solana/Bitcoin (SOL/BTC) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 0.001562300 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 0.001655200 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.
There is also a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘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 | 0.001571300 |
| Next Low | 0.001562300 |
| 2nd Low | 0.001464100 |
| 3rd Low | 0.001456400 |
0.001655200 – 0.001612500 – 0.001662300 – 0.001562300 – 0.001577400 – 0.001566900 — 42.021820798602 – 41.035353836977
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Black Crows – Rising Wedge Chart Pattern – –