SOL/USDT – 1H – SELL

Furthermore a ‘Double top chart pattern’ chart pattern is discovered. The formation shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

The bearish trend downwards to the next support line at 173.430000000 is expected.

Caution: A possible trend reversal in the direction of resistance at 209.860000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Outside Down’ candle pattern is found. The candles form ‘Three Outside 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 likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

209.860000000 – 204.960000000 – 186.800000000 – 194.150000000 – 173.430000000 – 177.510000000 — 39.703104435531 – 37.434044300599

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