The combination Solana/Tether (SOL/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 199.850000000 is certain.
Caution: A possible change in the direction of the resistance line at 214.940000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 218.000000000 |
| Next High | 214.940000000 |
| Current Price | 202.420000000 |
| Next Low | 199.850000000 |
| 2nd Low | 193.780000000 |
| 3rd Low | 186.670000000 |
214.940000000 – 218.000000000 – 216.890000000 – 199.850000000 – 205.340000000 – 207.170000000 — 40.807755227873 – 40.223693172146
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –