SOL/USDT – 1H – SELL

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

The pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.

A descent downwards to the next support at 177.800000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 206.300000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 178.71926 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 206.300000000 should be noted.
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 –