SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support at 141.93 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 143.86 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 148.44 |
| 2nd High | 146 |
| Next High | 143.86 |
| Current Price | 133.770000000 |
| Next Low | 141.93 |
| 2nd Low | 141.39 |
| 3rd Low | 137.14 |
143.86 – 143.63 – 142.82 – 141.93 – 141.39 – 143.21 — 12.102047102541 – 11.788119016051 — 0 – 0 – 26.522704546791 – 10.119257690724
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –