SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

The bearish trend down to the next support level at 221.800000000 will continue.

Caution: A possible change in the direction of the resistance line at 256.700000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 231.85124 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 256.700000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download SOL/USDT Signal Image

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