SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 177.800000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 204.670000000 could occur.
Consider stop-loss settings accordingly.
Next a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 204.670000000 |
| Current Price | 202.570000000 |
| 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 Black Crows –