The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 92.39 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 93.650000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘StochOSC Hidden Bearish Divergence’ indicator signal is detected. The indicator is ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The currency pair is likely to fall.
In addition a ‘Two Crows’ candlestick pattern is existing. The candles form ‘Two Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 94.17 |
| Next High | 93.650000000 |
| Current Price | 93.330000000 |
| Next Low | 92.39 |
| 2nd Low | 91.73 |
| 3rd Low | 87.6 |
93.650000000 – 94.17 – 92.8 – 92.39 – 91.73 – 87.6 —
93.650000000 – 93.560000000 —
58.866351471511 – 56.28696302352 —
93.650000000 – 1778349600 —
– 1778349600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –