SOL/USDT – 1H – SELLBesides a ‘Rising Wedge Chart Pattern’ chart layout is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards
A descending movement down to the next support at 159.630000000 will persist.
Caution: A possible change in the direction of the resistance line at 168.650000000 could occur.
Consider stop-loss settings accordingly.
Besides a ‘Three Black Crows’ candlestick pattern is discovered. The candles show ‘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 likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 168.650000000 |
| Current Price | 162.010000000 |
| Next Low | 159.630000000 |
| 2nd Low | 157.740000000 |
| 3rd Low | 147.700000000 |
168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern