SOL/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A bearish trend downwards to the next support line at 161.270000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 168.200000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

168.200000000 – 166.800000000 – 153.600000000 – 161.270000000 – 163.140000000 – 147.700000000

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