SOL/USDT – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish movement down to the next support at 198.390000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 204.990000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

204.990000000 – 204.670000000 – 199.280000000 – 198.390000000 – 194.050000000 – 193.010000000

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