SOL/USDT – 4H – SELLFurthermore a ‘Double bottom retreat down’ chart formation is detected. The formation shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
The bearish trend down to the next support at 185.330000000 is likely expected.
Caution: A possible change in the direction of the resistance line at 213.600000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Tweezers Top’ chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 213.600000000 |
| Current Price | 208.680000000 |
| Next Low | 185.330000000 |
| 2nd Low | 177.270000000 |
| 3rd Low | 175.690000000 |
213.600000000 – 195.890000000 – 209.860000000 – 185.330000000 – 177.270000000 – 175.690000000 — 66.718568937501 – 54.865522656066
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Tweezers Top – Double bottom retreat down – –