SOL/USDT – 30M – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards
The bearish trend downwards to the next support at 221.720000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 228.950000000 should be noted.
Consider stop-loss settings accordingly.
And also a ‘Tweezers Top’ candlestick pattern is detected. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 228.950000000 |
| Current Price | 226.450000000 |
| Next Low | 221.720000000 |
| 2nd Low | 220.530000000 |
| 3rd Low | 211.690000000 |
228.950000000 – 225.590000000 – 226.000000000 – 221.720000000 – 220.530000000 – 211.690000000 — 57.750361762088 – 53.362819969908
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –