SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support line at 174.800000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 184.670000000 could be enabled.
Consider stop-loss settings accordingly.
Additionally a ‘Collapsing Doji Star’ candle pattern is found. The candles show ‘Collapsing Doji Star’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 180.580000000 |
| Next Low | 174.800000000 |
| 2nd Low | 173.240000000 |
| 3rd Low | 171.210000000 |
184.670000000 – 178.190000000 – 176.000000000 – 174.800000000 – 173.240000000 – 171.210000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Collapsing Doji Star – Symmetrical Triangle Chart Pattern