SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) goes from the descending trendline down.

A continuation of the downward movement down to the next support line at 84.48 is likely expected.

Caution: A possible change in the direction of the resistance level at 86.36 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Bearish Belt Hold’ candlestick pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

86.36 – 86.66 – 86.24 – 84.48 – 85.2 – 85.48 —
85.710000000 – 85.560000000 —
40.784053237999 – 44.853762527755 —
– —
86.36 – 1776988800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – – –