SOL/USDT – 30M – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart layout is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support level at will persist.

Caution: A possible counter-trend in the direction of resistance at 189.780000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 183.835 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 189.780000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. 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 likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

189.780000000 – 186.930000000 – 182.080000000 – 184.290000000 – 176.240000000 – 175.910000000 — 50.696179689524 – 46.621740187212

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