SOL/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards

A descending movement downwards to the next support line at will continue.

Caution: A possible counter-trend in the direction of the resistance line at 213.020000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 198.21962 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 213.020000000 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

213.020000000 – 211.970000000 – 205.990000000 – 200.950000000 – 197.370000000 – 194.190000000 — 41.901679883918 – 41.162285503287

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –