SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards

A continuation of the downtrend down to the next support level at 85.53 will persist.

Caution: A possible change in the direction of the resistance line at 86.8 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘StochRSI Hidden Bearish Divergence’ indicator signal is existing. The indicator is ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 85.71 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 86.8 should be noted.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

86.8 – 86.94 – 86.79 – 85.53 – 86.03 – 84.92 —
86.150000000 – 86.400000000 —
50.293655771169 – 61.170761922159 —
– —
86.8 – 1777105800

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