SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A descent downwards to the next support level at 215.000000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 237.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 221.12254 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 237.750000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ chart pattern is found. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows