SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.

A bearish trend downwards to the next support at is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 168.650000000 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Next a ‘Three Black Crows’ candle pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

168.650000000 – 164.190000000 – 168.200000000 – 158.170000000 – 159.630000000 – 157.740000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern