Moreover a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.
The pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at 176.940000000 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 191.760000000 is also possible.
Consider stop-loss settings accordingly.
Moreover a ‘RSI fall below 30’ indicator layout is found. The indicator is ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 206.300000000 |
| 2nd High | 191.870000000 |
| Next High | 191.760000000 |
| Current Price | 177.750000000 |
| Next Low | 176.940000000 |
| 2nd Low | 174.910000000 |
| 3rd Low | 174.800000000 |
191.760000000 – 191.870000000 – 206.300000000 – 179.210000000 – 183.970000000 – 198.390000000 — 30.71844320803 – 25.712816246641
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern –