SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 67.5 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 88.99 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Bearish Belt Hold’ candle pattern is discovered. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.84 |
| 2nd High | 89.2 |
| Next High | 88.99 |
| Current Price | 86.900000000 |
| Next Low | 67.5 |
| 2nd Low | |
| 3rd Low |
88.99 – 89.2 – 89.84 – 67.5 – 102.18 – 112.14 —
88.320000000 – 88.610000000 —
55.031847692827 – 52.128922168381 —
– —
88.99 – 1770541200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Belt Hold – Rising Wedge Chart Pattern – –