SOL/USDT – 30M – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish trend down to the next support at 194.050000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 206.300000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. this is usually a bullish signal. The currency pair could go up.
Moreover a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 206.300000000 |
| Current Price | 193.930000000 |
| Next Low | 194.050000000 |
| 2nd Low | 193.010000000 |
| 3rd Low | 177.800000000 |
206.300000000 – 204.990000000 – 204.670000000 – 198.390000000 – 194.050000000 – 193.010000000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern –