SOL/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 185.200000000 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 189.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 183.3 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 189.470000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

189.470000000 – 189.650000000 – 198.070000000 – 185.200000000 – 183.300000000 – 187.320000000 — 52.752210519564 – 48.758484310953

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Double bottom retreat down – –