SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 177.800000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 204.670000000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Three Outside Down’ candle pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 204.670000000 |
| Current Price | 197.600000000 |
| Next Low | 177.800000000 |
| 2nd Low | 174.800000000 |
| 3rd Low | 173.240000000 |
204.670000000 – 184.670000000 – 178.190000000 – 177.800000000 – 174.800000000 – 173.240000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern