SOL/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish movement down to the next support line at 171.210000000 is considered certain.

Caution: A possible change in the direction of resistance at 184.670000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Matching Low’ chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

184.670000000 – 178.190000000 – 176.000000000 – 171.210000000 – 168.710000000 – 157.230000000

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