The pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
A bearish descent down to the next support line at 230.150000000 will continue.
Caution: A possible change in the direction of the resistance line at 249.600000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Three Black Crows’ candlestick chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 249.600000000 |
| Current Price | 237.140000000 |
| Next Low | 230.150000000 |
| 2nd Low | 199.320000000 |
| 3rd Low | 194.190000000 |
249.600000000 – 213.020000000 – 218.000000000 – 230.150000000 – 199.320000000 – 194.190000000 — 49.915731198875 – 43.667730713918
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –