SOL/USDT – 1H – SELLMoreover a ‘Double bottom chart pattern’ chart pattern is found. The chart forms ‘Double bottom chart pattern’. this is a bullish chart scenario. The currency pair is likely to go up.
The currency pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.
A descent down to the next support at 207.170000000 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Harami Cross’ chart pattern is found. The candles form ‘Bearish Harami Cross’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 216.900000000 |
| Next Low | 207.170000000 |
| 2nd Low | 201.720000000 |
| 3rd Low | 185.330000000 |
216.890000000 – 213.600000000 – 211.990000000 – 207.170000000 – 201.720000000 – 185.330000000 — 62.521450325444 – 62.593523826749
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Harami Cross – Double bottom chart pattern – –