SOL/USDT – 1H – SELLAnd also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.
The pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards
A bearish trend down to the next support level at 173.240000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 184.670000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 176.320000000 |
| Next Low | 173.240000000 |
| 2nd Low | 171.210000000 |
| 3rd Low | 168.710000000 |
184.670000000 – 178.190000000 – 176.000000000 – 173.240000000 – 171.210000000 – 168.710000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern