SOL/USDT – 1H – SELL

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

A continuation of the downward movement downwards to the next support line at 67.5 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 89.08 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Matching Low’ candle chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

89.08 – 88.99 – 89.2 – 67.5 – 102.18 – 112.14 —
84.370000000 – 88.240000000 —
37.218674809124 – 60.638331492185 —
– —
89.08 – 1770591600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double bottom chart pattern – –