SOL/USDT – 30M – SELL

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

A descent down to the next support level at 77.12 is certain.

Caution: A possible reversal of the trend in the direction of resistance at 86.98 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 79.90008 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 86.98 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

86.98 – 88.9 – 82.27 – 77.12 – 80.32 – 85.19 —
86.100000000 – 83.680000000 —
54.107646176495 – 35.158921708389 —
– —
86.98 – 1772371800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –