SOL/USDT – 1H – SELL

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

A bearish descent down to the next support line at 174.800000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 184.670000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 176.69 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 184.670000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Two Crows’ candlestick chart pattern is existing. The chart forms ‘Two Crows’. 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 ‘Two Crows’ going 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 –