SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A descent downwards to the next support level at 157.400000000 is likely expected.
Caution: A possible change in the direction of resistance at 161.820000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 154.85 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 161.820000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. 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 success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 163.640000000 |
| Next High | 161.820000000 |
| Current Price | 157.640000000 |
| Next Low | 157.400000000 |
| 2nd Low | 149.580000000 |
| 3rd Low | 147.880000000 |
161.820000000 – 156.610000000 – 155.300000000 – 157.400000000 – 149.580000000 – 147.880000000