SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A descent downwards to the next support line at 211.690000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 219.790000000 could occur.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

219.790000000 – 217.110000000 – 205.550000000 – 211.690000000 – 210.790000000 – 201.480000000 — 60.771833515338 – 59.42483151084

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –