SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 170.290000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 182.700000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI fall below 30’ indicator layout is existing. The indicator is ‘RSI fall below 30’. this is usually a bearish signal. The currency pair could go down.
Besides a ‘Matching Low’ candlestick chart pattern is existing. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.520000000 |
| 2nd High | 186.680000000 |
| Next High | 182.700000000 |
| Current Price | 173.620000000 |
| Next Low | 170.290000000 |
| 2nd Low | 168.710000000 |
| 3rd Low | 165.400000000 |
182.700000000 – 180.590000000 – 182.560000000 – 170.290000000 – 176.420000000 – 178.810000000 — 31.452597268751 – 30.812963244442
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern –