SOL/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 76.6 is certain.

Caution: A possible change in the direction of the resistance line at 88.51 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

82.25 – 88.51 – 89.08 – 76.6 – 78.04 – 67.5 —
85.060000000 – 86.700000000 —
72.891523676086 – 75.967167488473 —
– —
82.25 – 1770894000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Inverse Head and Shoulder chart pattern – –