SOL/USDT – 1H – SELL

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

A bearish trend downwards to the next support level at is expected.

Caution: A possible change in the direction of the resistance level at 89.32 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Matching Low’ chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

89.32 – 86.89 – 86.22 – 84.31 – 85 – 82.94 —
85.690000000 – 86.420000000 —
34.489523062805 – 42.919453637737 —
– —
89.32 – 1776866400

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