SOL/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend downwards to the next support level at 171.210000000 will continue.

Caution: A possible change in the direction of the resistance zone at 184.670000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 170.95 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 184.670000000 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Two Crows’ candle chart pattern is found. The candles form ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going 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