SOL/USDT – 30M – SELLAdditionally a ‘Double bottom chart pattern’ chart formation is existing. The chart shows ‘Double bottom chart pattern’. this is a bullish signal. The currency pair is likely to rise.
The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards
A descent down to the next support level at 207.170000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 216.890000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Additionally a ‘Bearish Harami Cross’ candle pattern is detected. The candles form ‘Bearish Harami Cross’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami Cross’ going down is 57% (Bull Market) & 56% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 216.890000000 |
| Current Price | 216.900000000 |
| Next Low | 207.170000000 |
| 2nd Low | 201.720000000 |
| 3rd Low | 193.780000000 |
216.890000000 – 216.500000000 – 212.080000000 – 207.170000000 – 201.720000000 – 193.780000000 — 57.959340073612 – 58.048601535548
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Harami Cross – Double bottom chart pattern – –