SOL/USDT – 1H – SELL

Next a ‘Double bottom retreat down’ chart pattern is detected. The chart forms ‘Double bottom retreat down’. this is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A bearish descent downwards to the next support at 194.150000000 is expected.

Caution: A possible change in the direction of the resistance line at 204.960000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

204.960000000 – 186.800000000 – 186.180000000 – 194.150000000 – 173.430000000 – 177.510000000 — 67.812992052235 – 61.693791161291

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