Then a ‘Double top chart pattern’ chart layout is discovered. The chart picture forms ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.
The pair Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 137.14 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 146 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘%K crosses above %D’ indicator layout is existing. The indicator is ‘%K crosses above %D’. which could be a positive signal. The pair is likely to go up.
Then a ‘Bearish Harami’ chart pattern is existing. The chart forms ‘Bearish Harami’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 224.46 |
| 2nd High | 148.44 |
| Next High | 146 |
| Current Price | 143.050000000 |
| Next Low | 137.14 |
| 2nd Low | 130.68 |
| 3rd Low | 126 |
146 – 148.44 – 224.46 – 143.21 – 143.37 – 143.92 — 40.416049103238 – 37.938048202718 — 12.800986982047 – 22.092231770612 – 25.588543073915 – 18.573426011822
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Harami – Double top chart pattern – –