SOL/USDT – 1H – SELL

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

A descent down to the next support at 85.53 will persist.

Caution: A possible change in the direction of resistance at 89.32 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

Next a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. 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 chance of ‘Three Black Crows’ going down is 82%.

86.76 – 86.8 – 86.94 – 85.53 – 84.92 – 84.48 —
87.140000000 – 87.840000000 —
59.119197072774 – 63.912788876742 —
– —
86.76 – 1777190400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Rising Wedge Chart Pattern – –