The pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A bearish trend downwards to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 248.450000000 should always be considered.
Consider stop-loss settings accordingly.
Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
Next a ‘Three Black Crows’ candle chart pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. 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 | 249.600000000 |
| Next High | 248.450000000 |
| Current Price | 235.610000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
248.450000000 – 248.090000000 – 249.600000000 – 239.150000000 – 241.530000000 – 235.730000000 — 29.283148026647 – 27.824011095486
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Triple bottom chart pattern – –