SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support at 157.230000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 179.410000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Two Crows’ candlestick pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 179.410000000 |
| Current Price | 176.170000000 |
| Next Low | 157.230000000 |
| 2nd Low | 147.700000000 |
| 3rd Low | 145.220000000 |
176.000000000 – 168.650000000 – 164.190000000 – 157.230000000 – 158.170000000 – 159.630000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Two Crows – Double bottom chart pattern