SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish movement down to the next support at 95.26 is considered certain.

Caution: A possible change in the direction of the resistance line at 128.13 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Down’ candle chart pattern is detected. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

128.13 – 127.84 – 127.51 – 102.18 – 112.14 – 123.12 —
98.460000000 – 96.730000000 —
38.465301028452 – 38.61812380307 —
– —
128.13 – 1769594400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –