SOL/USDT – 4H – SELLThe pair Solana/Tether (SOL/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 84.48 is certain.
Caution: A possible trend reversal in the direction of the resistance line at 86.94 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.
Furthermore a ‘Tweezers Top’ chart pattern is detected. The chart shows ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90.73 |
| 2nd High | 89.32 |
| Next High | 86.94 |
| Current Price | 85.720000000 |
| Next Low | 84.48 |
| 2nd Low | 82.94 |
| 3rd Low | 81.27 |
86.94 – 89.32 – 90.73 – 84.48 – 82.94 – 81.27 —
86.330000000 – 87.320000000 —
45.595131501312 – 56.318301336481 —
– —
86.94 – 1777060800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –