SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) goes from the descending trendline downwards

A continuation of the downward movement down to the next support level at 188.570000000 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 197.710000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 189.165 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 197.710000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Inside Down’ candle pattern is existing. The candles show ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

Download SOL/USDT Signal Image

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