SOL/USDT – 30M – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The combination Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A descent downwards to the next support line at 161.270000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 168.200000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

168.200000000 – 166.800000000 – 153.600000000 – 161.270000000 – 163.140000000 – 147.700000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern