And also a ‘Double bottom retreat down’ chart layout is found. The chart picture shows ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A descending movement downwards to the next support line at 194.150000000 is certain.
Caution: A possible change in the direction of the resistance level at 204.960000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 206.300000000 |
| Next High | 204.960000000 |
| Current Price | 204.380000000 |
| Next Low | 194.150000000 |
| 2nd Low | 173.600000000 |
| 3rd Low | 173.430000000 |
204.960000000 – 176.740000000 – 186.800000000 – 194.150000000 – 173.600000000 – 173.430000000 — 54.815901375353 – 50.503824189551
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double bottom retreat down – –