SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards
The bearish trend downwards to the next support at 149.450000000 is certain.
Caution: A possible reversal of the trend in the direction of resistance at 159.990000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. 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 certain. Current target is 148.565 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 159.990000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 –