SOL/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support level at 161.130000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 171.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘RSI fall below 70’ indicator layout is detected. The indicator shows ‘RSI fall below 70’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘StochRSI fall below 80’ indicator layout is detected. The indicator shows ‘StochRSI fall below 80’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Matching Low’ candle chart pattern is existing. The candles show ‘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 probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

171.730000000 – 182.700000000 – 182.560000000 – 161.130000000 – 164.580000000 – 170.290000000 — 55.369590021166 – 54.968922241081

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double bottom retreat down – –