There is also a ‘Double top chart pattern’ chart layout is discovered. The chart picture shows ‘Double top chart pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards
A bearish movement downwards to the next support at 173.600000000 will continue.
Caution: A possible counter-trend in the direction of resistance at 183.420000000 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Bearish Harami’ chart pattern is detected. The candles form ‘Bearish Harami’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.890000000 |
| 2nd High | 185.870000000 |
| Next High | 183.420000000 |
| Current Price | 176.740000000 |
| Next Low | 173.600000000 |
| 2nd Low | 173.430000000 |
| 3rd Low | 167.000000000 |
183.420000000 – 185.870000000 – 185.700000000 – 177.320000000 – 180.000000000 – 189.940000000 — 42.784544305262 – 38.22966489294
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Harami – Double top chart pattern – –