SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards

A bearish movement downwards to the next support at 159.630000000 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 168.200000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candlestick pattern is discovered. The chart shows ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

164.190000000 – 162.980000000 – 163.900000000 – 159.630000000 – 157.740000000 – 159.540000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Down –