SOL/USDT – 4H – SELL

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

A bearish descent downwards to the next support at 175.910000000 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 206.300000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘RSI fall below 70’ indicator signal is existing. The indicator shows ‘RSI fall below 70’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

206.300000000 – 184.670000000 – 168.650000000 – 175.910000000 – 157.230000000 – 145.220000000 — 59.700659399418 – 59.291184783143

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