SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 232.800000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 245.280000000 should always be considered.
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 likely expected. Current target is 231.7592 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 245.280000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

Download SOL/USDT Signal Image

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