SOL/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is detected. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The pair is likely to go down.

The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 201.090000000 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 213.600000000 could happen.
Consider stop-loss settings accordingly.

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

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 196.77 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 213.600000000 could happen.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. 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).

213.600000000 – 211.970000000 – 211.990000000 – 201.090000000 – 203.410000000 – 200.580000000 — 36.249205313484 – 33.923638051101

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –