SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 67.5 is expected.
Caution: A possible trend reversal in the direction of resistance at 89.08 should always be considered.
Consider stop-loss settings accordingly.
Furthermore a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish chart scenario. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.84 |
| 2nd High | 89.2 |
| Next High | 89.08 |
| Current Price | 78.920000000 |
| Next Low | 67.5 |
| 2nd Low | |
| 3rd Low |
89.08 – 88.99 – 89.2 – 81.91 – 82.86 – 85.75 —
81.840000000 – 79.850000000 —
48.617043717007 – 41.401853423966 —
– —
89.08 – 1770591600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low – Double top retreat up – –