SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support level at is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 237.030000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Current target is 230.15 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 237.030000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

237.030000000 – 244.000000000 – 248.450000000 – 230.150000000 – 231.550000000 – 239.150000000 — 35.613115910139 – 32.937412082926

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –