SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

The bearish trend down to the next support at 167.000000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 182.700000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘RSI fall below 70’ indicator layout is detected. The indicator is ‘RSI fall below 70’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 178.08402 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 182.700000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ candlestick chart pattern is found. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

179.660000000 – 169.930000000 – 171.730000000 – 167.000000000 – 166.700000000 – 161.130000000 — 64.344592193535 – 59.375049646949

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – – –