SOL/USDT – 30M – SELL

Moreover a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.

The combination Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 161.270000000 is certain.

Caution: A possible trend reversal in the direction of resistance at 168.200000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candle pattern is found. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

168.200000000 – 166.800000000 – 153.600000000 – 161.270000000 – 163.140000000 – 147.700000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Down – Double top chart pattern