SOL/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement down to the next support line at 177.800000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 206.300000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 30’ indicator signal is existing. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 178.71926 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 206.300000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

206.300000000 – 204.670000000 – 184.670000000 – 177.800000000 – 174.800000000 – 173.240000000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – – Rising Wedge Chart Pattern –