SOL/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 161.130000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 171.730000000 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI cross above 20’ indicator layout is detected. The indicator shows ‘StochRSI cross above 20’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Three Inside Down’ candle chart pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

171.730000000 – 182.700000000 – 182.560000000 – 161.130000000 – 164.580000000 – 170.290000000 — 56.336063029644 – 55.323102578543

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Inside Down – Double bottom chart pattern – –