SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.

A bearish descent down to the next support line at 88.15 is certain.

Caution: A possible trend reversal in the direction of the resistance line at 91.14 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Inside Down’ candlestick pattern is detected. The candles form ‘Three Inside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

91.14 – 87.69 – 88.09 – 88.15 – 85.12 – 84.72 —
92.100000000 – 89.960000000 —
75.324287949188 – 48.507116062517 —
– —
91.14 – 1773361800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Inside Down – Rising Wedge Chart Pattern – –