There is also a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards
A descent downwards to the next support level at 200.950000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 210.000000000 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 213.020000000 |
| 2nd High | 211.940000000 |
| Next High | 210.000000000 |
| Current Price | 202.100000000 |
| Next Low | 200.950000000 |
| 2nd Low | 197.370000000 |
| 3rd Low | 194.190000000 |
210.000000000 – 204.820000000 – 208.790000000 – 200.950000000 – 205.680000000 – 197.370000000 — 40.914394287807 – 39.962863062598
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –