The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A bearish descent downwards to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of resistance at 152.840000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
Then a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart forms ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 157.970000000 |
2nd High | 154.410000000 |
Next High | 152.840000000 |
Current Price | 150.380000000 |
Next Low | |
2nd Low | |
3rd Low |
152.840000000 – 152.390000000 – 154.410000000 – 150.150000000 – 146.840000000 – 141.530000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Belt Hold