SOL/USDT – 1H – SELL

And also a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A continuation of the downward movement down to the next support line at 184.290000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 195.260000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 180.0509 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support zone at 195.260000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Inside Down’ candle pattern is found. The candles form ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

195.260000000 – 189.780000000 – 191.760000000 – 184.900000000 – 184.290000000 – 175.910000000 — 45.929201140892 – 44.695981057321

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Inside Down – Double top chart pattern –