SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) moves from the descending trendline downwards

A continuation of the downtrend down to the next support at is expected.

Caution: A possible trend reversal in the direction of the resistance line at 195.260000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘RSI fall below 30’ indicator layout is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart scenario. The currency pair is likely to fall.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

195.260000000 – 189.780000000 – 191.760000000 – 184.900000000 – 184.290000000 – 175.910000000 — 38.063649221778 – 35.939963338068

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double bottom retreat down –