SOL/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

The pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards

A continuation of the downward movement down to the next support at 184.900000000 is expected.

Caution: A possible change in the direction of the resistance zone at 195.260000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

195.260000000 – 189.780000000 – 191.760000000 – 184.900000000 – 184.290000000 – 175.910000000 — 40.506903501556 – 39.619608258773

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