SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A descent down to the next support at 201.610000000 is expected.
Caution: A possible counter-trend in the direction of resistance at 210.000000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Belt Hold’ candlestick pattern is found. The chart shows ‘Bearish Belt Hold’. 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 likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 218.000000000 |
| 2nd High | 213.020000000 |
| Next High | 210.000000000 |
| Current Price | 202.650000000 |
| Next Low | 201.610000000 |
| 2nd Low | 200.950000000 |
| 3rd Low | 197.370000000 |
210.000000000 – 213.020000000 – 211.970000000 – 201.610000000 – 200.950000000 – 197.370000000 — 45.231653585073 – 44.185683099905
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Double top retreat up – –