Also there is a ‘Double top chart pattern’ chart pattern is discovered. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support at is considered certain.
Caution: A possible change in the direction of resistance at 163.900000000 is also possible.
Consider stop-loss settings accordingly.
Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 168.200000000 |
| Next High | 163.900000000 |
| Current Price | 159.000000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
163.900000000 – 168.200000000 – 166.800000000 – 159.540000000 – 161.270000000 – 163.140000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern