SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards

A bearish movement down to the next support at is certain.

Caution: A possible counter-trend in the direction of resistance at 128.130000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ chart pattern is existing. The candles form ‘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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

128.130000000 – 127.84 – 127.51 – 123.12 – 122.35 – 126.73 —
128.130000000 – 127.040000000 —
57.692106945373 – 50.12854805306 —
128.130000000 – 1769594400 —
– 1769594400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Double top retreat up – –