SOL/USDT – 1H – SELL

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

The bearish trend downwards to the next support line at 66.94 will persist.

Caution: A possible change in the direction of the resistance line at 74.69 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ” indicator layout is found. The indicator is ”. which could be a negative chart signal. The currency pair could go down.

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Also there is a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 69.0994 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 74.69 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Belt Hold’ candle pattern is detected. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

74.69 – 74.47 – 75.65 – 70.64 – 72.29 – 72.77 —
71.410000000 – 71.800000000 —
40.165001929713 – 40.961942456847 —
– —
74.69 – 1781712000

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