SOL/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish trend downwards to the next support level at 159.630000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 168.650000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern