SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A descending movement down to the next support level at 149.450000000 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 159.990000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 159.990000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 159.990000000 |
| Current Price | 153.990000000 |
| Next Low | 149.450000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
159.990000000 – 154.770000000 – 148.000000000 – 149.450000000 – 137.140000000 – 142.250000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows –