SOL/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 215.000000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 237.750000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 215 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 237.750000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download SOL/USDT Signal Image

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