SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 112.140000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 118.14 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The currency pair could go down.
Furthermore a ‘StochRSI Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 112.14 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 118.14 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Two Crows’ chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.2 |
| 2nd High | 128.13 |
| Next High | 118.14 |
| Current Price | 114.040000000 |
| Next Low | 112.140000000 |
| 2nd Low | |
| 3rd Low |
118.14 – 128.13 – 127.84 – 112.140000000 – 115.39 – 122.5 —
117.510000000 – 116.000000000 —
24.896532725341 – 41.961551449896 —
112.140000000 – 1769736600 —
118.14000 – 1769731200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – – –