SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 204.670000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 210.480000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Bearish Belt Hold’ candlestick pattern is detected. The candles show ‘Bearish Belt Hold’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 234.690000000 |
| 2nd High | 227.560000000 |
| Next High | 210.480000000 |
| Current Price | 216.400000000 |
| Next Low | 204.670000000 |
| 2nd Low | 188.000000000 |
| 3rd Low | 185.890000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold