The pair Solana/Tether (SOL/USDT) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 231.550000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 244.000000000 is also possible.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 231.55 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 244.000000000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 249.600000000 |
| 2nd High | 248.450000000 |
| Next High | 244.000000000 |
| Current Price | 233.620000000 |
| Next Low | 231.550000000 |
| 2nd Low | 221.720000000 |
| 3rd Low | 220.530000000 |
244.000000000 – 248.450000000 – 248.090000000 – 231.550000000 – 239.150000000 – 241.530000000 — 38.810435431983 – 34.766948310487
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – – Triple bottom chart pattern – –