SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 122.35 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 125.17 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair could go down.
Next a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
Next a ‘Three Outside Down’ candlestick chart pattern is found. The candles form ‘Three Outside Down’. which is a negative pattern 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 127.51 |
| 2nd High | 125.6 |
| Next High | 125.17 |
| Current Price | 124.060000000 |
| Next Low | 122.35 |
| 2nd Low | 108.21 |
| 3rd Low | 102.31 |
125.17 – 125.6 – 127.51 – 122.35 – 126.64 – 126.89 —
125.150000000 – 124.650000000 —
52.006237357601 – 50.850369100352 —
– —
125.17000 – 1769482800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –