SOL/USDT – 30M – SELL

The pair Solana/Tether (SOL/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support line at 83.58 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 84.45 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative 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 is expected. Current target is 83.875 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of support at 84.45 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ chart pattern is found. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

84.45 – 84.97 – 84.17 – 83.58 – 83.52 – 83.33 —
84.290000000 – 84.580000000 —
54.042732143633 – 67.953707519309 —
– —
84.45 – 1777818600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – – –