SOL/USDT – 30M – SELL

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

The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

A bearish movement downwards to the next support line at 201.090000000 is expected.

Caution: A possible change in the direction of the resistance level at 213.600000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 196.77 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 213.600000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

213.600000000 – 211.970000000 – 211.990000000 – 201.090000000 – 203.410000000 – 200.580000000 — 36.249205313484 – 33.923638051101

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