Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.
The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.
A descent down to the next support line at is likely expected.
Caution: A possible change in the direction of the resistance level at 195.890000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.
Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 209.860000000 |
| 2nd High | 198.070000000 |
| Next High | 195.890000000 |
| Current Price | 190.770000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
195.890000000 – 193.870000000 – 189.470000000 – 189.940000000 – 187.350000000 – 185.200000000 — 43.107173322533 – 42.007957825762
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –