SOL/USDT – 30M – SELLThe combination Solana/Tether (SOL/USDT) moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 122.35 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 127.51 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 124.0299 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support line at 127.51 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.94 |
| 2nd High | 130.2 |
| Next High | 127.51 |
| Current Price | 124.050000000 |
| Next Low | 122.35 |
| 2nd Low | 108.21 |
| 3rd Low | 102.31 |
125.17 – 125.6 – 127.51 – 122.35 – 126.64 – 126.89 —
123.930000000 – 126.790000000 —
38.693019036779 – 68.505373864577 —
– —
125.17000 – 1769482800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – – Head and Shoulder chart pattern – –