SOL/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A descent down to the next support at 159.630000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 168.650000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern