SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A descent down to the next support line at 171.210000000 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 184.670000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 175.180000000 |
| Next Low | 171.210000000 |
| 2nd Low | 168.710000000 |
| 3rd Low | 157.230000000 |
184.670000000 – 178.190000000 – 176.000000000 – 171.210000000 – 168.710000000 – 157.230000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Belt Hold –