SOL/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A descending movement down to the next support line at 220.530000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 226.000000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bearish Engulfing’ candle chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 226.000000000 |
| Current Price | 222.630000000 |
| Next Low | 220.530000000 |
| 2nd Low | 211.690000000 |
| 3rd Low | 210.790000000 |
226.000000000 – 219.790000000 – 217.110000000 – 220.530000000 – 211.690000000 – 210.790000000 — 51.12147591297 – 46.340637729711
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –