SOL/USDT – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.

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

A descent downwards to the next support line at 207.170000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 216.890000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bearish Belt Hold’ candle pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

216.890000000 – 213.600000000 – 211.990000000 – 207.170000000 – 201.720000000 – 185.330000000 — 62.931014627026 – 58.410422851738

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Double bottom retreat down – –