The pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards
A bearish movement down to the next support level at 171.210000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 184.670000000 could happen.
Consider stop-loss settings accordingly.
Then a ‘Three Line Strike – Bearish’ candlestick pattern is found. The chart forms ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 177.930000000 |
| Next Low | 171.210000000 |
| 2nd Low | 168.710000000 |
| 3rd Low | 165.400000000 |
184.670000000 – 178.190000000 – 176.000000000 – 171.210000000 – 168.710000000 – 165.400000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Line Strike – Bearish – Rising Wedge Chart Pattern