Then a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. this is a bearish chart scenario. The pair is likely to go down.
The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A descending movement down to the next support line at 173.600000000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 209.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 209.860000000 |
| Current Price | 191.560000000 |
| Next Low | 173.600000000 |
| 2nd Low | 173.430000000 |
| 3rd Low | 167.000000000 |
209.860000000 – 204.960000000 – 176.740000000 – 194.150000000 – 173.600000000 – 173.430000000 — 35.960924724764 – 30.949847243333
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –