Furthermore a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
The pair Solana/Tether (SOL/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 168.710000000 is expected.
Caution: A possible change in the direction of resistance at 182.700000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.520000000 |
| 2nd High | 186.680000000 |
| Next High | 182.700000000 |
| Current Price | 169.650000000 |
| Next Low | 168.710000000 |
| 2nd Low | 165.400000000 |
| 3rd Low | 157.230000000 |
182.700000000 – 180.590000000 – 182.560000000 – 170.290000000 – 176.420000000 – 178.810000000 — 21.666142743094 – 20.197464175511
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern –