SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 170.290000000 will continue.

Caution: A possible counter-trend in the direction of resistance at 182.700000000 should be noted.
Consider stop-loss settings accordingly.

Then a ‘RSI fall below 30’ indicator signal is discovered. The indicator shows ‘RSI fall below 30’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

182.700000000 – 182.560000000 – 186.680000000 – 170.290000000 – 178.300000000 – 180.670000000 — 28.040566159455 – 27.53834426005

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Triple top chart pattern –