SOL/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A bearish descent down to the next support level at 236.910000000 will persist.

Caution: A possible counter-trend in the direction of resistance at 241.820000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

241.820000000 – 241.220000000 – 239.960000000 – 236.910000000 – 235.120000000 – 232.230000000 — 36.236587416304 – 34.70015033679

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