Also there is a ‘Double top chart pattern’ chart layout is detected. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
The bearish trend down to the next support at 187.320000000 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 198.070000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 209.860000000 |
| Next High | 198.070000000 |
| Current Price | 186.360000000 |
| Next Low | 187.320000000 |
| 2nd Low | 186.680000000 |
| 3rd Low | 173.600000000 |
198.070000000 – 209.860000000 – 204.960000000 – 187.320000000 – 186.680000000 – 194.150000000 — 25.755147162135 – 23.557759687151
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –