SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 177.800000000 will persist.
Caution: A possible trend reversal in the direction of resistance at 191.870000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Two Crows’ candlestick pattern is detected. The candles form ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 206.300000000 |
| Next High | 191.870000000 |
| Current Price | 184.570000000 |
| Next Low | 177.800000000 |
| 2nd Low | 174.800000000 |
| 3rd Low | 173.240000000 |
191.870000000 – 206.300000000 – 204.670000000 – 177.800000000 – 174.800000000 – 173.240000000 — 42.43182192454 – 39.580089231373
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – –