SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards

A descending movement down to the next support level at 231.210000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 256.700000000 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 231.21 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 256.700000000 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles show ‘Three Line Strike – Bearish’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).

Download SOL/USDT Signal Image

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Line Strike – Bearish