There is also a ‘Double bottom retreat down’ chart pattern is detected. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A descent downwards to the next support at 207.170000000 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 216.890000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Inside Down’ candlestick pattern is existing. The chart shows ‘Three Inside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 216.890000000 |
| Current Price | 215.620000000 |
| Next Low | 207.170000000 |
| 2nd Low | 201.720000000 |
| 3rd Low | 193.780000000 |
216.890000000 – 216.500000000 – 212.080000000 – 207.170000000 – 201.720000000 – 193.780000000 — 58.300603180529 – 53.605229191303
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Inside Down – Double bottom retreat down – –