SOL/USDT – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.

A descending movement down to the next support at 168.710000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 178.190000000 should always be considered.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 167.71 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 178.190000000 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. 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 ‘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