SOL/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 83.23 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 85.9 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 83.80138 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support level at 85.9 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency 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%.

85.9 – 84.97 – 84.86 – 83.23 – 83.35 – 83.58 —
84.150000000 – 85.040000000 —
42.743321211875 – 52.773797545778 —
– —
85.9 – 1777867200

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