SOL/USDT – 30M – SELL

Besides a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to fall.

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish trend down to the next support level at 207.170000000 is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 216.890000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Inside Down’ candlestick chart pattern is found. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

216.890000000 – 216.500000000 – 212.080000000 – 207.170000000 – 201.720000000 – 193.780000000 — 58.300603180529 – 53.605229191303

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