SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A bearish trend down to the next support at 137.140000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 154.330000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three Black Crows’ candlestick pattern is found. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 154.330000000 |
| Current Price | 151.100000000 |
| Next Low | 137.140000000 |
| 2nd Low | 130.680000000 |
| 3rd Low | 126.000000000 |
148.000000000 – 147.950000000 – 146.620000000 – 137.140000000 – 142.250000000 – 142.840000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern