Next a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.
The pair Solana/Tether (SOL/USDT) goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 90.44 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.
Next a ‘StochRSI %K falls below 0.8’ indicator signal is detected. The indicator shows ‘StochRSI %K falls below 0.8’. which could be a negative signal. The pair is likely to go down.
Next a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.98 |
| 2nd High | 90.73 |
| Next High | 90.44 |
| Current Price | 88.150000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
90.44 – 89.62 – 90.03 – 87.63 – 87.47 – 84.43 —
89.530000000 – 89.250000000 —
47.939307514917 – 44.784090905072 —
– —
90.44 – 1778139000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –