SOL/USDT – 1H – SELL

Moreover a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. this is a bearish signal. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A bearish trend downwards to the next support at 194.150000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 204.960000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Three Outside Down’ candle chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

204.960000000 – 186.800000000 – 186.180000000 – 194.150000000 – 173.430000000 – 177.510000000 — 62.806775108985 – 58.657136920169

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Double bottom retreat down – –