SOL/USDT – 1H – SELL

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

A descent down to the next support line at 211.460000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 223.180000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Belt Hold’ candlestick pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold