SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline down.
A descending movement down to the next support at 193.010000000 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 199.280000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Two Crows’ candle chart pattern is found. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.280000000 |
| Current Price | 201.190000000 |
| Next Low | 193.010000000 |
| 2nd Low | 177.800000000 |
| 3rd Low | 176.940000000 |
199.280000000 – 183.660000000 – 179.750000000 – 193.010000000 – 177.800000000 – 176.940000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern