SOL/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards

The bearish trend down to the next support at 174.800000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 177.880000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Three Inside Down’ candle chart pattern is detected. The candles form ‘Three Inside Down’. this 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 likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

177.880000000 – 177.770000000 – 182.020000000 – 174.800000000 – 175.410000000 – 173.240000000

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