SOL/USDT – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is expected. Current target is 211.22424 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at 219.050000000 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle pattern is detected. The candles form ‘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 success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

Download SOL/USDT Signal Image

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