SOLUSDT ! Broke rising wedge pattern, looking very bearish
Hello traders 👋
On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
On Aug 18, downtrend line broke rising wedge pattern. Therefore, it is more than likely downtrend line will continue. It confirms my trading analysis that I did on aug 9. After rising wedge pattern tests resistance line, it formed strong downward price movement. The sellers were waiting for the pattern to break the support line and they ordered sell orders which executed once orders had been confirmed. There were a lot of sell orders. As rise of DXY, it might not have a good impact on crypto market. Also to confirm there is a downtrend, 50 and 200 EMA curving downward.
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