SOL/USDT – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 84.72 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 88.09 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 84.53 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 88.09 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Two Crows’ candle chart pattern is discovered. The candles form ‘Two Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

88.09 – 88.8 – 87.06 – 84.72 – 84.36 – 84.91 —
86.700000000 – 87.090000000 —
51.599987802418 – 54.312360544317 —
– —
88.09 – 1773252000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Symmetrical Triangle Chart Pattern – –