SOL/USDT – 4H – SELL

The pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

A descending movement down to the next support at 157.230000000 is likely expected.

Caution: A possible change in the direction of resistance at 184.670000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘RSI fall below 30’ indicator layout is existing. The indicator shows ‘RSI fall below 30’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Bearish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bearish Belt Hold’. 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 chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

184.670000000 – 168.650000000 – 168.200000000 – 157.230000000 – 145.220000000 – 137.140000000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Symmetrical Triangle Chart Pattern –