Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 72.75 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 74.68 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Southern Doji’ candle chart pattern is detected. The candles show ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 75.65 |
| 2nd High | 74.69 |
| Next High | 74.68 |
| Current Price | 73.810000000 |
| Next Low | 72.75 |
| 2nd Low | 70.47 |
| 3rd Low | 67.92 |
74.68 – 74.4 – 74.3 – 72.75 – 70.47 – 67.92 —
73.240000000 – 74.460000000 —
41.068096896276 – 57.228996926544 —
– —
74.68 – 1782059400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –