SOL/USDT – 30M – SELLThe combination Solana/Tether (SOL/USDT) jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support at 235.120000000 will persist.
Caution: A possible counter-trend in the direction of resistance at 239.780000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Belt Hold’ candle chart pattern is found. The chart forms ‘Bearish Belt Hold’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 253.510000000 |
| 2nd High | 239.960000000 |
| Next High | 239.780000000 |
| Current Price | 237.430000000 |
| Next Low | 235.120000000 |
| 2nd Low | 232.230000000 |
| 3rd Low | 231.260000000 |
239.780000000 – 239.960000000 – 253.510000000 – 235.120000000 – 245.010000000 – 242.580000000 — 47.601655106139 – 42.525771400453
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – – –