SOL/USDT – 4H – SELL

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

The bearish trend downwards to the next support level at 157.230000000 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 206.300000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘RSI fall below 30’ indicator layout is found. The indicator shows ‘RSI fall below 30’. this is usually a bearish signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 166.15 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 206.300000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black 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 probability of ‘Three Black Crows’ heading down is 82%.

206.300000000 – 184.670000000 – 168.650000000 – 157.230000000 – 145.220000000 – 137.140000000 — 41.155149931192 – 38.168446552096

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern –