SOL/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A descent downwards to the next support level at 207.170000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 216.890000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 201.11 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 216.890000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candle chart pattern is found. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

216.890000000 – 213.600000000 – 211.990000000 – 207.170000000 – 201.720000000 – 185.330000000 — 42.75630142898 – 41.5645758067

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