SOL/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A descent downwards to the next support level at 171.210000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 184.670000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 170.95 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 184.670000000 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

184.670000000 – 178.190000000 – 176.000000000 – 171.210000000 – 168.710000000 – 157.230000000

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