SOL/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The combination Solana/Tether (SOL/USDT) goes from the ascending trendline down.

A bearish trend down to the next support at 194.150000000 will persist.

Caution: A possible change in the direction of the resistance line at 209.860000000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 188.43 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 209.860000000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Matching Low’ candle pattern is detected. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to go up. 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).

209.860000000 – 204.960000000 – 186.800000000 – 194.150000000 – 173.430000000 – 177.510000000 — 37.574727195072 – 36.132784380941

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