SOL/USDT – 1H – SELL

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

A bearish movement downwards to the next support at 211.690000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance level at 219.790000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Black Crows’ chart pattern is found. The candles show ‘Three Black Crows’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

219.790000000 – 217.110000000 – 210.000000000 – 211.690000000 – 210.790000000 – 201.480000000 — 62.299805570269 – 61.441379445013

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –