SOL/USDT – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 84.42 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 86.22 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Next a ‘Tweezers Top’ candlestick pattern is found. The candles show ‘Tweezers Top’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

86.22 – 85.76 – 87.12 – 84.42 – 82.94 – 84.43 —
86.210000000 – 85.770000000 —
54.39539004645 – 53.008670520692 —
– —
86.22 – 1776708000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Tweezers Top – – –