SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

A descending movement downwards to the next support line at 124.68 will continue.

Caution: A possible change in the direction of the resistance level at 129.77 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 126.92272 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support level at 129.77 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

128.75 – 129.77 – 134.63 – 124.68 – 126.3 – 128.36 —
127.330000000 – 130.680000000 —
38.981907051127 – 70.989134715021 —
– —
128.75000 – 1768973400

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