SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish movement down to the next support line at 149.450000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 159.990000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 159.990000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 159.990000000 |
| Current Price | 153.990000000 |
| Next Low | 149.450000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
159.990000000 – 154.770000000 – 148.000000000 – 149.450000000 – 137.140000000 – 142.250000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows –