SOL/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support at 86.44 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 88.99 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Besides a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

88.99 – 89.2 – 89.84 – 86.44 – 86.63 – 85.91 —
87.950000000 – 88.260000000 —
49.421508029721 – 53.280430215671 —
– —
88.99 – 1770541200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Double top chart pattern – –