SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the descending trendline downwards

A continuation of the bearish trend down to the next support line at is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 193.870000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

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

193.870000000 – 189.470000000 – 189.650000000 – 187.350000000 – 185.200000000 – 183.300000000 — 42.049846660202 – 41.363255916973

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