SOL/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

The combination Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A bearish trend downwards to the next support line at is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 186.800000000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Next a ‘RSI fall below 70’ indicator layout is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 179.49806 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 186.800000000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

186.800000000 – 186.180000000 – 183.350000000 – 178.520000000 – 177.510000000 – 179.720000000 — 38.440394304845 – 35.782239355064

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