SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards

A descent downwards to the next support level at 170.290000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 182.700000000 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. which is often a bearish signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The 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’ heading down is 82%.

182.700000000 – 182.560000000 – 186.680000000 – 170.290000000 – 178.300000000 – 180.670000000 — 30.847677098855 – 30.177093951151

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –