SOL/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

The combination Solana/Tether (SOL/USDT) jumps from the bullish trendline down.

A bearish trend downwards to the next support line at 199.850000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 218.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

In addition a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 192.32138 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 218.000000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

218.000000000 – 216.890000000 – 213.600000000 – 199.850000000 – 207.170000000 – 201.720000000 — 38.531326325605 – 37.246561973766

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