SOL/USDT – 30M – SELLThe combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.
The bearish trend downwards to the next support line at 141.970000000 is expected.
Caution: A possible change in the direction of the resistance zone at 167.460000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Two Crows’ candle pattern is found. The chart forms ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 173.460000000 |
| Next High | 167.460000000 |
| Current Price | 153.060000000 |
| Next Low | 141.970000000 |
| 2nd Low | 141.530000000 |
| 3rd Low | 141.410000000 |
148.940000000 – 148.520000000 – 146.670000000 – 141.970000000 – 142.580000000 – 156.320000000