SOL/USDT – 30M – SELL

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

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

Caution: A possible counter-trend in the direction of the resistance level at 239.780000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 235.12 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 239.780000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The 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%.

239.780000000 – 239.960000000 – 253.510000000 – 236.910000000 – 235.120000000 – 245.010000000 — 51.976948725802 – 47.839027694405

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double bottom retreat down – –