SOL/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A descent down to the next support level at 167.000000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 179.660000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘RSI cross above 70’ indicator signal is found. The indicator is ‘RSI cross above 70’. this is usually a bullish signal. The currency pair could go up.

Then a ‘StochRSI cross above 20’ indicator signal is found. The indicator is ‘StochRSI cross above 20’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 171.915 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 179.660000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a bearish chart scenario. The currency 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).

179.660000000 – 169.930000000 – 171.730000000 – 167.000000000 – 166.700000000 – 161.130000000 — 55.404746624241 – 54.113710446102

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