SOL/USDT – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend down to the next support at 185.200000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 195.890000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 183.3 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 195.890000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Southern Doji’ candle pattern is discovered. The candles show ‘Southern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

195.890000000 – 189.650000000 – 198.070000000 – 185.200000000 – 183.300000000 – 186.680000000 — 34.758035804148 – 34.691784939167

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –