SOL/USDT – 4H – SELL

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

A continuation of the downward movement downwards to the next support level at 145.220000000 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 168.200000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Two Crows’ chart pattern is existing. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

168.200000000 – 159.990000000 – 154.330000000 – 145.220000000 – 137.140000000 – 126.000000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern