SOL/USDT – 30M – SELLIn addition a ‘Double top chart pattern’ chart formation is found. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A bearish trend downwards to the next support at 194.050000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 206.300000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Tweezers Top’ chart pattern is detected. The candles show ‘Tweezers Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 206.300000000 |
| Current Price | 198.210000000 |
| Next Low | 194.050000000 |
| 2nd Low | 193.010000000 |
| 3rd Low | 177.800000000 |
206.300000000 – 204.990000000 – 204.670000000 – 198.390000000 – 194.050000000 – 193.010000000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Tweezers Top – Double top chart pattern –