SOL/USDT – 4H – SELL

The combination Solana/Tether (SOL/USDT) moves from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support line at 77.12 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 94.05 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Belt Hold’ chart pattern is detected. The chart shows ‘Bearish Belt Hold’. 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 success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

94.05 – 90.29 – 92.1 – 77.12 – 75.63 – 79.61 —
93.760000000 – 89.310000000 —
60.286183083464 – 51.451240798413 —
– —
94.05 – 1772640000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern – –