SOL/USDT – 1H – SELL

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 81.03576 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 83.42 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

83.42 – 83.24 – 83.01 – 80.35 – 80 – 82.86 —
83.030000000 – 83.120000000 —
54.137841578111 – 49.640336537366 —
– —
83.42 – 1780192800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – – –