SOL/USDT – 30M – SELL

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

A bearish movement downwards to the next support line at 78.04 is expected.

Caution: A possible change in the direction of resistance at 82.250000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 79.13782 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support line at 82.250000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candlestick chart pattern is detected. The chart shows ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

82.250000000 – 82.25 – 81.11 – 78.04 – 81.91 – 82.86 —
82.250000000 – 81.520000000 —
61.450683053136 – 52.752608045074 —
82.250000000 – 1770895800 —
– 1770895800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –