SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A bearish movement down to the next support at 174.800000000 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 184.670000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 176.69 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 184.670000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

184.670000000 – 178.190000000 – 176.000000000 – 174.800000000 – 173.240000000 – 171.210000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Two Crows –