SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the descending trendline downwards
A continuation of the downward movement down to the next support at 201.480000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 210.000000000 could happen.
Consider stop-loss settings accordingly.
And also a ‘Two Crows’ candlestick chart pattern is detected. The chart forms ‘Two Crows’. which is a bearish 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 218.000000000 |
| 2nd High | 213.020000000 |
| Next High | 210.000000000 |
| Current Price | 207.470000000 |
| Next Low | 201.480000000 |
| 2nd Low | 199.320000000 |
| 3rd Low | 197.370000000 |
210.000000000 – 213.020000000 – 211.970000000 – 201.480000000 – 199.320000000 – 201.610000000 — 64.03263031269 – 62.968878016635
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –