SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) moves from the descending trendline downwards

A continuation of the downtrend downwards to the next support at 176.420000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 180.590000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair could go down.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 176.42 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 180.590000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candle pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. 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).

180.590000000 – 182.560000000 – 186.680000000 – 176.420000000 – 178.810000000 – 178.300000000 — 34.996530093089 – 28.856039184059

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern –