Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The combination Solana/Tether (SOL/USDT) goes from the ascending trendline down.
A descent down to the next support line at 163.140000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 166.800000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency 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 | 173.460000000 |
| 2nd High | 167.460000000 |
| Next High | 166.800000000 |
| Current Price | 163.410000000 |
| Next Low | 163.140000000 |
| 2nd Low | 147.700000000 |
| 3rd Low | 145.220000000 |
166.800000000 – 153.600000000 – 152.900000000 – 163.140000000 – 147.700000000 – 150.890000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern