SOL/BTC – 30M – SELLThen a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair Solana/Bitcoin (SOL/BTC) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 0.00137 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 0.00141 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The pair is likely to go down.
Then a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 0.00138284 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 0.00141 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Outside Down’ candle chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.00144 |
| 2nd High | 0.00143 |
| Next High | 0.00141 |
| Current Price | 0.001393900 |
| Next Low | 0.00137 |
| 2nd Low | 0.00136 |
| 3rd Low | 0.00135 |
0.00141 – 0.0014 – 0.00143 – 0.00137 – 0.00139 – 0.0014 —
0.001395100 – 0.001401700 —
51.457503696512 – 57.713841203963 —
– —
0.00141 – 1769736600
Trading Signals: CRYPTO – SOL – SOL/BTC – BTC – Three Outside Down – Rising Wedge Chart Pattern – –