SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A descending movement down to the next support level at 177.530000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 190.100000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Matching Low’ candle pattern is found. The candles form ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.070000000 |
| 2nd High | 195.890000000 |
| Next High | 190.100000000 |
| Current Price | 180.050000000 |
| Next Low | 177.530000000 |
| 2nd Low | 175.690000000 |
| 3rd Low | 173.430000000 |
190.100000000 – 183.420000000 – 185.870000000 – 177.530000000 – 175.690000000 – 177.320000000 — 36.382857457023 – 36.104618909363
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top chart pattern – –