The pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A bearish descent downwards to the next support level at 173.430000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 195.260000000 could occur.
Consider stop-loss settings accordingly.
Then a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 206.300000000 |
| Next High | 195.260000000 |
| Current Price | 201.270000000 |
| Next Low | 173.430000000 |
| 2nd Low | 167.000000000 |
| 3rd Low | 166.700000000 |
186.800000000 – 186.180000000 – 179.660000000 – 173.430000000 – 177.510000000 – 167.000000000 — 75.799587805102 – 74.862072452571
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Triple bottom chart pattern – –