SOL/USDT – 30M – SELL

Next a ‘Rising Wedge Chart Pattern’ chart formation is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to go down.

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

A descending movement downwards to the next support line at 83.97 is considered certain.

Caution: A possible change in the direction of the resistance zone at 86.72 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 83.165 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 86.72 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. 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).

86.72 – 85.03 – 85.49 – 83.97 – 81.77 – 79.61 —
85.900000000 – 85.430000000 —
48.188683084478 – 45.850600642534 —
– —
86.72 – 1771686000

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