SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.
A bearish trend down to the next support level at 149.450000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 159.990000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 159.990000000 could occur.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The currency 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 –