Furthermore a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support at 84.36 is likely expected.
Caution: A possible change in the direction of the resistance line at 128.13 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Furthermore a ‘Two Crows’ candle chart pattern is detected. The candles show ‘Two Crows’. which is a bearish pattern 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’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 253.51 |
| 2nd High | 237.22 |
| Next High | 128.13 |
| Current Price | 92.000000000 |
| Next Low | 84.36 |
| 2nd Low | 80.26 |
| 3rd Low | 77.12 |
92.98 – 88.8 – 94.05 – 84.36 – 80.26 – 77.12 —
95.130000000 – 95.650000000 —
68.856099136553 – 66.198839885951 —
– —
92.98 – 1773403200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –