SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 165.400000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 182.700000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘RSI cross above 30’ indicator signal is found. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 166.19 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 182.700000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Matching Low’ candlestick chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

182.700000000 – 180.590000000 – 182.560000000 – 166.190000000 – 167.420000000 – 170.290000000 — 30.943906242557 – 30.373755572815

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