SOL/USDT – 30M – SELL

Next a ‘Double top chart pattern’ chart formation is found. The chart picture shows ‘Double top chart pattern’. which is a negative pattern signal. The pair is likely to go down.

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

A descending movement down to the next support level at 85.19 will persist.

Caution: A possible change in the direction of the resistance level at 88.29 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator is ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 84.34 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 88.29 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

88.29 – 92.1 – 85.58 – 85.19 – 84.34 – 87.22 —
87.620000000 – 87.500000000 —
54.400472078939 – 43.646353002054 —
– —
88.29 – 1772164800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –