SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A descending movement down to the next support at 176.480000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 201.850000000 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 181.90918 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 201.850000000 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Three Black Crows’ chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative pattern 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