SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the downtrend down to the next support line at 67.5 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 88.51 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Matching Low’ candlestick pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.2 |
| 2nd High | 89.08 |
| Next High | 88.51 |
| Current Price | 83.460000000 |
| Next Low | 67.5 |
| 2nd Low | |
| 3rd Low |
88.51 – 89.08 – 88.99 – 67.5 – 102.18 – 112.14 —
84.980000000 – 83.790000000 —
36.691878156082 – 46.299200629726 —
– —
88.51 – 1770660600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –