SOL/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible change in the direction of the resistance level at 189.780000000 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 183.835 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 189.780000000 could occur.
Consider stop-loss settings accordingly.

189.780000000 – 186.930000000 – 182.080000000 – 184.290000000 – 176.240000000 – 175.910000000 — 55.32927479179 – 51.038190816794

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