SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish movement downwards to the next support at will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 211.970000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 200.02708 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 211.970000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Southern Doji’ chart pattern is discovered. The chart shows ‘Southern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

211.970000000 – 211.990000000 – 208.620000000 – 201.090000000 – 203.410000000 – 200.580000000 — 43.118311821087 – 42.845679804639

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –