SOL/USDT – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

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

A descent down to the next support line at 168.710000000 will continue.

Caution: A possible change in the direction of the resistance zone at 178.190000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 167.71 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 178.190000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. 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).

178.190000000 – 176.000000000 – 167.580000000 – 168.710000000 – 165.400000000 – 157.230000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern