SOL/USDT – 1H – SELL

Besides a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to fall.

The combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.

A descending movement down to the next support line at 199.850000000 will continue.

Caution: A possible trend reversal in the direction of resistance at 218.000000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 192.32138 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 218.000000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Three Black Crows’ candle chart pattern is discovered. The chart shows ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.

218.000000000 – 216.890000000 – 213.600000000 – 199.850000000 – 207.170000000 – 201.720000000 — 38.531326325605 – 37.246561973766

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