SOL/USDT – 1H – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

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

The bearish trend downwards to the next support at is certain.

Caution: A possible counter-trend in the direction of the resistance line at 213.020000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 198.21962 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 213.020000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

213.020000000 – 211.970000000 – 205.990000000 – 200.950000000 – 197.370000000 – 194.190000000 — 41.901679883918 – 41.162285503287

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –