SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 149.870000000 will persist.
Caution: A possible change in the direction of the resistance zone at 153.170000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Two Crows’ candle chart pattern is detected. The chart shows ‘Two Crows’. 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 probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
In addition a ‘Double top chart pattern’ chart pattern is existing. The chart picture shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 167.070000000 |
| 2nd High | 157.000000000 |
| Next High | 153.170000000 |
| Current Price | 149.820000000 |
| Next Low | 149.870000000 |
| 2nd Low | 127.710000000 |
| 3rd Low | 125.320000000 |