SOL/USDT – 30M – SELL

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

A bearish trend down to the next support at 240.930000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 259.780000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 246.37452 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support level at 259.780000000 could happen.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Download SOL/USDT Signal Image

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