SOL/USDT – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend down to the next support at 177.510000000 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 186.180000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘RSI fall below 70’ indicator signal is existing. The indicator shows ‘RSI fall below 70’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Next a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

186.180000000 – 179.660000000 – 169.930000000 – 177.510000000 – 167.000000000 – 166.700000000 — 46.068094998451 – 44.108017237242

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