SOL/USDT – 1H – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards
The bearish trend down to the next support level at 174.800000000 is considered certain.
Caution: A possible change in the direction of the resistance level at 184.670000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 179.590000000 |
| Next Low | 174.800000000 |
| 2nd Low | 173.240000000 |
| 3rd Low | 171.210000000 |
184.670000000 – 178.190000000 – 176.000000000 – 174.800000000 – 173.240000000 – 171.210000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern