SOL/USDT – 30M – SELLIn addition a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The combination Solana/Tether (SOL/USDT) goes from the bullish trendline downwards
The bearish trend down to the next support line at 203.410000000 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 211.990000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Last Engulfing Top’ candle chart pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 211.990000000 |
| Current Price | 203.300000000 |
| Next Low | 203.410000000 |
| 2nd Low | 200.580000000 |
| 3rd Low | 196.770000000 |
211.990000000 – 208.620000000 – 202.400000000 – 203.410000000 – 200.580000000 – 196.770000000 — 43.002319302952 – 39.884383818709
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –