SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A descent downwards to the next support at 173.430000000 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 195.890000000 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Target of the current trend is 180 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 195.890000000 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Matching Low’ candle pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

195.890000000 – 189.650000000 – 198.070000000 – 180.000000000 – 185.200000000 – 183.300000000 — 32.350750635374 – 31.555050655379

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –