SOL/USDT – 1H – SELL

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 65.965 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 69.59 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Southern Doji’ chart pattern is existing. The chart forms ‘Southern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

69.59 – 68.82 – 67.42 – 65.95 – 62.34 – 62.95 —
69.010000000 – 68.350000000 —
55.982829661794 – 48.447960478393 —
– —
69.59 – 1781384400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –