Then a ‘Double bottom retreat down’ chart pattern is found. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A bearish movement down to the next support at 194.150000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 204.960000000 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 206.300000000 |
| Next High | 204.960000000 |
| Current Price | 204.790000000 |
| Next Low | 194.150000000 |
| 2nd Low | 173.600000000 |
| 3rd Low | 173.430000000 |
204.960000000 – 176.740000000 – 186.800000000 – 194.150000000 – 173.600000000 – 173.430000000 — 60.779877815369 – 53.981982647965
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double bottom retreat down – –