SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A bearish trend down to the next support line at 159.630000000 is certain.
Caution: A possible change in the direction of resistance at 168.600000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Tweezers Top’ candle pattern is existing. The chart forms ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 173.460000000 |
| 2nd High | 168.650000000 |
| Next High | 168.600000000 |
| Current Price | 161.400000000 |
| Next Low | 159.630000000 |
| 2nd Low | 157.740000000 |
| 3rd Low | 147.700000000 |
168.600000000 – 168.650000000 – 164.190000000 – 159.630000000 – 157.740000000 – 159.540000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Tweezers Top – Double top chart pattern