SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support at 237.100000000 will persist.

Caution: A possible change in the direction of the resistance line at 241.820000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

241.820000000 – 241.220000000 – 239.780000000 – 237.100000000 – 236.910000000 – 235.120000000 — 50.253096517661 – 50.083486238539

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top retreat up – –