SOL/USDT – 4H – SELL

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

The bearish trend downwards to the next support level at 175.910000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 206.300000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 171.72 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 206.300000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Three Black Crows’ candle pattern is detected. The chart shows ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

206.300000000 – 184.670000000 – 168.650000000 – 175.910000000 – 157.230000000 – 145.220000000 — 48.459974137172 – 46.660903369345

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern –