SOL/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support at 159.630000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 168.650000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 168.650000000 |
| Current Price | 162.010000000 |
| Next Low | 159.630000000 |
| 2nd Low | 157.740000000 |
| 3rd Low | 147.700000000 |
168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern