SOL/USDT – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The combination Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A descending movement down to the next support at 195.000000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 213.600000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Two Crows’ candlestick pattern is detected. The chart shows ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 213.600000000 |
| Current Price | 195.910000000 |
| Next Low | 195.000000000 |
| 2nd Low | 177.270000000 |
| 3rd Low | 175.690000000 |
213.600000000 – 211.990000000 – 208.620000000 – 195.000000000 – 201.090000000 – 177.270000000 — 36.585442349757 – 35.45438533595
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –