SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 177.320000000 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 185.870000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 177.32 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 185.870000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

185.870000000 – 195.890000000 – 189.650000000 – 177.320000000 – 180.000000000 – 185.200000000 — 36.437842323854 – 35.39633437798

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Double top chart pattern – –