The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 236.080000000 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 240.280000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 253.510000000 |
| 2nd High | 241.820000000 |
| Next High | 240.280000000 |
| Current Price | 234.750000000 |
| Next Low | 236.080000000 |
| 2nd Low | 235.120000000 |
| 3rd Low | 232.230000000 |
240.280000000 – 241.820000000 – 241.220000000 – 236.080000000 – 237.100000000 – 236.910000000 — 39.884642394875 – 34.106982716667
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Double top chart pattern – –