SOL/USDT – 30M – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish pattern signal. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards

A descending movement down to the next support at 86.030000000 is expected.

Caution: A possible change in the direction of the resistance level at 86.94 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 85.71 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 86.94 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

86.94 – 86.79 – 86.36 – 86.030000000 – 84.92 – 84.48 —
86.220000000 – 86.500000000 —
46.083660380644 – 56.78257783709 —
86.030000000 – 1777075200 —
86.94 – 1777064400

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