SOL/USDT – 30M – SELLMoreover a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline down.
A descent downwards to the next support line at 147.700000000 will continue.
Caution: A possible trend reversal in the direction of resistance at 163.900000000 could happen.
Consider stop-loss settings accordingly.
Moreover a ‘Tweezers Top’ chart pattern is existing. The candles form ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 168.200000000 |
| Next High | 163.900000000 |
| Current Price | 159.130000000 |
| Next Low | 147.700000000 |
| 2nd Low | 145.220000000 |
| 3rd Low | 137.140000000 |
163.900000000 – 168.200000000 – 166.800000000 – 159.540000000 – 161.270000000 – 163.140000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Tweezers Top – Double top chart pattern