SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 197.520000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 206.660000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Matching Low’ candle chart pattern is detected. The candles show ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 218.000000000 |
| 2nd High | 207.060000000 |
| Next High | 206.660000000 |
| Current Price | 201.910000000 |
| Next Low | 197.520000000 |
| 2nd Low | 185.330000000 |
| 3rd Low | 177.270000000 |
206.660000000 – 207.060000000 – 218.000000000 – 197.520000000 – 199.850000000 – 207.170000000 — 43.865561161221 – 43.30284876004
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Rising Wedge Chart Pattern – –