Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The currency pair is likely to fall.
The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A descent down to the next support at 75.63 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 92.1 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 237.22 |
| 2nd High | 128.13 |
| Next High | 92.1 |
| Current Price | 81.570000000 |
| Next Low | 75.63 |
| 2nd Low | 67.5 |
| 3rd Low |
92.1 – 87.69 – 128.13 – 75.63 – 79.61 – 76.6 —
89.050000000 – 87.930000000 —
61.621160256567 – 46.093922379551 —
– —
92.1 – 1772049600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –