SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

The bearish trend downwards to the next support level at 240.930000000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 259.780000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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 counter-trend in the direction of the support line at 259.780000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. this is a bearish chart scenario. 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’ heading down is 82%.

Download SOL/USDT Signal Image

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