SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A bearish descent down to the next support at 149.450000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 159.990000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 159.990000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Three Black Crows’ candle pattern is discovered. The chart shows ‘Three Black Crows’. which 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’ heading 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 –