SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.
A descending movement down to the next support at 141.970000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 167.460000000 is also possible.
Consider stop-loss settings accordingly.
Besides a ‘Two Crows’ candlestick pattern is discovered. The chart forms ‘Two Crows’. which is a negative pattern signal. The pair is likely to go down. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 173.460000000 |
| Next High | 167.460000000 |
| Current Price | 152.660000000 |
| Next Low | 141.970000000 |
| 2nd Low | 141.530000000 |
| 3rd Low | 141.410000000 |
148.940000000 – 148.520000000 – 146.670000000 – 141.970000000 – 142.580000000 – 156.320000000