SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish trend down to the next support level at 149.450000000 is likely expected.
Caution: A possible change in the direction of the resistance level at 159.990000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support zone at 159.990000000 is also possible.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 159.990000000 |
| Current Price | 153.990000000 |
| Next Low | 149.450000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
159.990000000 – 154.770000000 – 148.000000000 – 149.450000000 – 137.140000000 – 142.250000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows –