SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish movement downwards to the next support level at 149.860000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 153.880000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 142.0299 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 153.880000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.990000000 |
| 2nd High | 156.350000000 |
| Next High | 153.880000000 |
| Current Price | 148.370000000 |
| Next Low | 149.860000000 |
| 2nd Low | 149.450000000 |
| 3rd Low | 137.140000000 |
153.880000000 – 156.350000000 – 159.990000000 – 149.860000000 – 151.770000000 – 149.450000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern