SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support line at 232.800000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 245.280000000 is within the realm of possibility.
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 230.76328 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support line at 245.280000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. 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