SOL/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 174.800000000 is certain.

Caution: A possible change in the direction of resistance at 177.880000000 should always be considered.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

177.880000000 – 177.770000000 – 182.020000000 – 174.800000000 – 175.410000000 – 173.240000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Matching Low – Symmetrical Triangle Chart Pattern