The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 184.900000000 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 189.760000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘RSI fall below 70’ indicator signal is discovered. The indicator is ‘RSI fall below 70’. which is often a bearish chart scenario. The currency pair is likely to fall.
Also there is a ‘Matching Low’ candle chart pattern is discovered. The chart forms ‘Matching Low’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 191.760000000 |
| 2nd High | 189.780000000 |
| Next High | 189.760000000 |
| Current Price | 188.300000000 |
| Next Low | 184.900000000 |
| 2nd Low | 184.290000000 |
| 3rd Low | 176.240000000 |
189.760000000 – 189.780000000 – 186.930000000 – 184.900000000 – 184.290000000 – 176.240000000 — 50.89626932426 – 50.851576448621
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern –