SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 236.910000000 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 241.820000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. 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 ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 253.510000000 |
| Next High | 241.820000000 |
| Current Price | 236.200000000 |
| Next Low | 236.910000000 |
| 2nd Low | 235.120000000 |
| 3rd Low | 232.230000000 |
241.820000000 – 241.220000000 – 239.960000000 – 236.910000000 – 235.120000000 – 232.230000000 — 44.250205287558 – 35.761545692323
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –