SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A descending movement down to the next support level at 240.930000000 is expected.

Caution: A possible change in the direction of the resistance zone at 259.780000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 246.37452 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 259.780000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black 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 probability of ‘Three Black Crows’ going down is 82%.

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows