The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 83.8 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 90.73 could occur.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Three Black Crows’ candlestick pattern is detected. The candles show ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.47 |
| 2nd High | 91.98 |
| Next High | 90.73 |
| Current Price | 85.360000000 |
| Next Low | 83.8 |
| 2nd Low | 82.65 |
| 3rd Low | 81.54 |
90.73 – 90.53 – 85.71 – 85.78 – 86.28 – 87.34 —
85.880000000 – 85.660000000 —
26.056894449669 – 35.451342297793 —
– —
90.73 – 1776436200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –