SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A bearish trend down to the next support level at 211.460000000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 219.050000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. 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 probability of ‘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