SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support at 197.520000000 is considered certain.

Caution: A possible change in the direction of the resistance line at 206.000000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Moreover a ‘Three Outside Down’ candle chart pattern is detected. The candles form ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

206.000000000 – 206.660000000 – 207.060000000 – 197.520000000 – 199.850000000 – 205.340000000 — 56.424616030302 – 54.919535660162

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –