SOL/USDT – 30M – SELLBesides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline down.
A descent downwards to the next support at 203.410000000 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 211.990000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 211.990000000 |
| Current Price | 203.300000000 |
| Next Low | 203.410000000 |
| 2nd Low | 200.580000000 |
| 3rd Low | 196.770000000 |
211.990000000 – 208.620000000 – 202.400000000 – 203.410000000 – 200.580000000 – 196.770000000 — 43.002319302952 – 39.884383818709
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –