Then a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A bearish trend down to the next support at 193.780000000 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 207.060000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which 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 chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 218.000000000 |
| 2nd High | 214.940000000 |
| Next High | 207.060000000 |
| Current Price | 198.740000000 |
| Next Low | 193.780000000 |
| 2nd Low | 186.670000000 |
| 3rd Low | 185.330000000 |
207.060000000 – 214.940000000 – 218.000000000 – 199.850000000 – 205.340000000 – 207.170000000 — 33.420981925847 – 27.931624828198
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –