SOL/USDT – 1H – SELL

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

A descending movement downwards to the next support level at 95.26 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 128.13 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The candles form ‘Three Outside Down’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

128.13 – 127.84 – 127.51 – 102.18 – 112.14 – 123.12 —
98.460000000 – 96.730000000 —
38.465301028452 – 38.61812380307 —
– —
128.13 – 1769594400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –