SOL/USDT – 1H – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart formation is discovered. The chart picture forms ‘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

A descending movement downwards to the next support level at 197.370000000 is considered certain.

Caution: A possible change in the direction of the resistance zone at 213.020000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Matching Low’ candlestick chart pattern is found. The chart shows ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

213.020000000 – 211.970000000 – 205.990000000 – 197.370000000 – 194.190000000 – 196.030000000 — 41.716342712981 – 41.407491319095

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –