SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the descending trendline down.

A continuation of the bearish trend downwards to the next support line at 95.26 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 128.13 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ chart pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

128.13 – 127.84 – 127.51 – 102.18 – 112.14 – 123.12 —
98.460000000 – 96.730000000 —
38.465301028452 – 38.61812380307 —
– —
128.13 – 1769594400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Double top retreat up – –