SOL/USDT – 4H – SELL

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

A descending movement down to the next support level at 173.430000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 209.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 171.55822 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 209.860000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

209.860000000 – 182.700000000 – 195.260000000 – 183.300000000 – 173.430000000 – 161.130000000 — 39.508156640568 – 38.0024264862

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –