Sell SOL/USDT – 1H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 221.8 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 256.700000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Black Crows’ chart pattern is discovered. The candles form ‘Three Black Crows’. this 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 Black Crows’ going down is 82%.

Support & Resistance Price Range*
3rd High 264.000000000
2nd High 263.600000000
Next High 256.700000000
Current Price 228.780000000
Next Low 221.800000000
2nd Low 212.100000000
3rd Low 204.480000000

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