SOL/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 192.420000000 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 197.370000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 191.435 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 197.370000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down