SOL/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A descent down to the next support level at 177.510000000 will persist.

Caution: A possible change in the direction of the resistance level at 186.180000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘RSI cross above 30’ indicator signal is detected. The indicator is ‘RSI cross above 30’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘StochRSI cross above 20’ indicator signal is detected. The indicator is ‘StochRSI cross above 20’. this is usually a bearish signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 173.655 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 186.180000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Matching Low’ chart pattern is discovered. The candles show ‘Matching Low’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

186.180000000 – 179.660000000 – 169.930000000 – 177.510000000 – 167.000000000 – 166.700000000 — 37.853287653557 – 37.112883784023

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –