SOL/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 83.35 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 84.97 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 84.445 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 84.97 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Two Crows’ chart pattern is found. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

84.97 – 84.86 – 83.83 – 83.35 – 83.58 – 83.52 —
85.670000000 – 85.200000000 —
65.222095356842 – 56.732065313671 —
– —
84.97 – 1777755600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –