The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.
A descending movement downwards to the next support line at 84.31 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 90.73 is also possible.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 93.47 |
| 2nd High | 91.98 |
| Next High | 90.73 |
| Current Price | 88.130000000 |
| Next Low | 84.31 |
| 2nd Low | 82.94 |
| 3rd Low | 82.65 |
86.89 – 86.38 – 86.22 – 84.31 – 85 – 84.42 —
88.410000000 – 89.320000000 —
65.268795708803 – 71.705965127639 —
– —
86.89 – 1776781800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –