Then a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards
A descent down to the next support level at 81.96 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 84.99 should always be considered.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle pattern is existing. The candles show ‘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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.47 |
| 2nd High | 91.98 |
| Next High | 84.99 |
| Current Price | 83.150000000 |
| Next Low | 81.96 |
| 2nd Low | 78.96 |
| 3rd Low | 77.12 |
84.99 – 82.84 – 83.24 – 81.96 – 78.96 – 81.12 —
82.960000000 – 83.910000000 —
44.043854452948 – 50.367948888681 —
– —
84.99 – 1774875600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –