SOL/USDT – 30M – SELL

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

A descending movement downwards to the next support level at 173.600000000 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 185.700000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 180 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 185.700000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is existing. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

185.700000000 – 195.890000000 – 193.870000000 – 180.000000000 – 189.940000000 – 187.350000000 — 29.239149782632 – 28.228470186297

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –