SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support at 156.320000000 is likely expected.
Caution: A possible trend reversal in the direction of resistance at 161.990000000 is also possible.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle chart pattern is existing. The chart forms ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 163.640000000 |
| Next High | 161.990000000 |
| Current Price | 163.890000000 |
| Next Low | 156.320000000 |
| 2nd Low | 149.580000000 |
| 3rd Low | 147.880000000 |
161.990000000 – 161.820000000 – 156.610000000 – 156.320000000 – 149.580000000 – 147.880000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low