SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

The bearish trend downwards to the next support at 80.26 will continue.

Caution: A possible counter-trend in the direction of resistance at 88.92 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

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

Besides a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Besides a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bearish Belt Hold’. this is a bearish 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).

85.75 – 84.61 – 84.13 – 80.26 – 81.18 – 81.74 —
85.420000000 – 86.200000000 —
64.083920344768 – 61.61218480873 —
– —
85.75 – 1773063000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – – –