SOL/USDT – 4H – SELL

Additionally a ‘Double bottom retreat down’ chart formation is discovered. The formation shows ‘Double bottom retreat down’. this is a bearish pattern signal. The currency pair is likely to fall.

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish descent down to the next support line at 145.220000000 is likely expected.

Caution: A possible change in the direction of the resistance zone at 159.990000000 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a negative chart scenario. The 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%.

159.990000000 – 154.330000000 – 167.460000000 – 145.220000000 – 137.140000000 – 126.000000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Black Crows – Double bottom retreat down