SOL/USDT – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination Solana/Tether (SOL/USDT) moves from the bearish trendline down.

A continuation of the bearish trend downwards to the next support level at is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 189.780000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 183.835 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 189.780000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

189.780000000 – 186.930000000 – 182.080000000 – 184.290000000 – 176.240000000 – 175.910000000 — 50.696179689524 – 46.621740187212

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern –