SOL/USDT – 4H – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 81.27 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 87.67 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Collapsing Doji Star’ candlestick pattern is detected. The candles show ‘Collapsing Doji Star’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 97.68 |
| 2nd High | 93.47 |
| Next High | 87.67 |
| Current Price | 85.040000000 |
| Next Low | 81.27 |
| 2nd Low | 78.38 |
| 3rd Low | 76.7 |
87.67 – 86.26 – 85.95 – 81.27 – 81.4 – 78.38 —
84.140000000 – 85.580000000 —
49.265966043984 – 56.976559633992 —
– —
87.67 – 1776168000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Collapsing Doji Star – Rising Wedge Chart Pattern – –