SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) jumps from the bearish trendline down.

A continuation of the bearish trend downwards to the next support at 185.890000000 will persist.

Caution: A possible reversal of the trend in the direction of resistance at 194.820000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 190.42 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 194.820000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. 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