SOL/USDT – 1H – SELL

Then a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart picture shows ‘Rising Wedge Chart Pattern’. this is a bearish signal. The currency pair is likely to go down.

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

A bearish descent downwards to the next support level at 194.150000000 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 209.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 188.43 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 209.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Matching Low’ candlestick chart pattern is discovered. The candles show ‘Matching Low’. which is a positive chart scenario. The 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).

209.860000000 – 204.960000000 – 186.800000000 – 194.150000000 – 173.430000000 – 177.510000000 — 37.574727195072 – 36.132784380941

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –