SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A descending movement down to the next support at 89.61 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 94.05 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 88.275 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 94.05 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Two Crows’ candle pattern is discovered. The chart shows ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

94.05 – 91.48 – 88.08 – 89.61 – 84.78 – 82.5 —
91.580000000 – 92.220000000 —
56.958778064586 – 57.433947263131 —
– —
94.05 – 1772652600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – – –