SOL/USDT – 30M – SELL

Also there is a ‘Double top chart pattern’ chart pattern is detected. The chart shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards

A descent down to the next support level at 194.150000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 209.860000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 191.645 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 209.860000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ chart pattern is detected. The candles show ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

209.860000000 – 204.960000000 – 176.740000000 – 194.150000000 – 173.600000000 – 173.430000000 — 30.467863129113 – 29.10026079694

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Double top chart pattern – –