SOL/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support level at 95.26 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 128.13 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

128.13 – 127.84 – 127.51 – 102.18 – 112.14 – 123.12 —
97.290000000 – 83.340000000 —
39.626164168551 – 17.023184618052 —
– —
128.13 – 1769594400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Double top chart pattern – –