SOL/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 164.190000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

164.190000000 – 162.980000000 – 163.900000000 – 157.740000000 – 159.540000000 – 161.270000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern