SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 149.020000000 is certain.
Caution: A possible change in the direction of the resistance line at 153.880000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 149.02 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 153.880000000 should always be considered.
Consider stop-loss settings accordingly.
Also there is a ‘Matching Low’ candle chart pattern is existing. The candles form ‘Matching Low’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 159.990000000 |
| 2nd High | 156.350000000 |
| Next High | 153.880000000 |
| Current Price | 148.370000000 |
| Next Low | 149.020000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
153.880000000 – 153.260000000 – 156.350000000 – 149.020000000 – 149.860000000 – 151.770000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern