SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downtrend down to the next support line at 201.480000000 will continue.
Caution: A possible change in the direction of the resistance level at 209.000000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Matching Low’ candlestick chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.940000000 |
| 2nd High | 210.000000000 |
| Next High | 209.000000000 |
| Current Price | 207.900000000 |
| Next Low | 201.480000000 |
| 2nd Low | 199.320000000 |
| 3rd Low | 197.370000000 |
209.000000000 – 205.550000000 – 205.690000000 – 201.480000000 – 199.320000000 – 202.070000000 — 60.78280118328 – 60.610013178552
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double bottom retreat down – –