The combination Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support at 72.28 is likely expected.
Caution: A possible change in the direction of the resistance line at 75.71 is also possible.
Consider stop-loss settings accordingly.
Then a ” indicator signal is found. The indicator is ”. this is usually a bearish chart scenario. The currency pair is likely to fall.
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Then a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. 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 ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 83.1 |
| 2nd High | 81.65 |
| Next High | 75.71 |
| Current Price | 72.400000000 |
| Next Low | 72.28 |
| 2nd Low | 67.5 |
| 3rd Low |
75.71 – 81.65 – 83.1 – 72.28 – 79.11 – 81.33 —
75.630000000 – 74.480000000 —
49.295962975009 – 41.038410073797 —
– —
75.71 – 1780484400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –