SOL/USDT – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart 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 downwards

The bearish trend downwards to the next support level at 207.170000000 is certain.

Caution: A possible change in the direction of the resistance zone at 216.890000000 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 201.11 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 216.890000000 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

216.890000000 – 213.600000000 – 211.990000000 – 207.170000000 – 201.720000000 – 185.330000000 — 42.75630142898 – 41.5645758067

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