SOL/USDT – 1H – SELL

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

A continuation of the downward movement down to the next support line at 126.73 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 130.94 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which is often a bearish signal. The currency pair could go down.

And also a ‘Bearish Belt Hold’ candle pattern is found. The chart shows ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

130.94 – 132.17 – 135.16 – 126.73 – 125.26 – 124.68 —
127.500000000 – 130.200000000 —
42.038744494081 – 52.682967146184 —
– —
130.94000 – 1769086800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –