SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 86.03 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 86.8 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 85.71 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 86.8 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Outside Down’ chart pattern is found. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

86.8 – 86.94 – 86.79 – 86.03 – 84.92 – 84.48 —
86.480000000 – 86.640000000 —
48.835303732572 – 56.597933929933 —
– —
86.8 – 1777105800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Symmetrical Triangle Chart Pattern – –