SOL/USDT – 1H – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to go down.

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

A bearish trend down to the next support level at 185.200000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 195.890000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

In addition a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 183.3 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 195.890000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Southern Doji’ candle pattern is detected. The candles form ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

195.890000000 – 189.650000000 – 198.070000000 – 185.200000000 – 183.300000000 – 186.680000000 — 34.758035804148 – 34.691784939167

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –