SOL/USDT – 1H – SELLAlso there is a ‘Double bottom retreat down’ chart pattern is existing. The chart forms ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A bearish movement downwards to the next support at 207.170000000 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 216.890000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Bearish Belt Hold’ candle pattern is discovered. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (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 | 185.330000000 |
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 – –