The pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 84.36 will persist.
Caution: A possible counter-trend in the direction of the resistance zone at 88.8 is within the realm of possibility.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
Also there is a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 94.05 |
| 2nd High | 92.96 |
| Next High | 88.8 |
| Current Price | 86.580000000 |
| Next Low | 84.36 |
| 2nd Low | 80.26 |
| 3rd Low | 77.12 |
88.8 – 87.06 – 84.13 – 84.36 – 84.91 – 80.26 —
87.200000000 – 87.610000000 —
55.23390776403 – 58.565423354159 —
– —
88.8 – 1773162000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –