SOL/USDT – 1H – SELL

Furthermore a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

A bearish movement downwards to the next support at 167.000000000 is expected.

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

Furthermore a ‘RSI cross above 70’ indicator layout is existing. The indicator shows ‘RSI cross above 70’. this is usually a bullish chart signal. The pair is likely to go up.

Furthermore a ‘StochRSI cross above 20’ indicator layout is existing. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart signal. The pair is likely to go up.

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

Furthermore a ‘Two Crows’ candle pattern is found. The chart shows ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability 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 – –