The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A descending movement downwards to the next support line at 102.31 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 119.12 should be noted.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.2 |
| 2nd High | 128.13 |
| Next High | 119.12 |
| Current Price | 96.840000000 |
| Next Low | 102.31 |
| 2nd Low | 101.26 |
| 3rd Low | 95.26 |
119.12 – 118.14 – 128.13 – 114.34 – 112.14 – 115.39 —
103.650000000 – 100.420000000 —
46.093865840654 – 30.540191652159 —
– —
119.12 – 1769799600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –