SOL/USDT – 30M – SELL

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

A bearish trend downwards to the next support line at 234.260000000 is expected.

Caution: A possible change in the direction of the resistance level at 247.500000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 230.27 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 247.500000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows