SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards

A bearish movement downwards to the next support level at 164.580000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 171.730000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘StochRSI fall below 80’ indicator layout is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

171.730000000 – 182.700000000 – 182.560000000 – 164.580000000 – 170.290000000 – 178.300000000 — 34.133679614233 – 33.824621799851

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – – –