Next a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 174.210000000 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 179.660000000 should be noted.
Consider stop-loss settings accordingly.
Next a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which is often a bullish signal. The currency pair is likely to rise.
Next a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.680000000 |
| 2nd High | 182.700000000 |
| Next High | 179.660000000 |
| Current Price | 177.450000000 |
| Next Low | 174.210000000 |
| 2nd Low | 167.000000000 |
| 3rd Low | 166.700000000 |
179.660000000 – 173.490000000 – 169.930000000 – 174.210000000 – 167.000000000 – 166.700000000 — 52.408311456607 – 51.520594736125
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –