The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support level at 83.35 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 84.45 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 85.56 |
| 2nd High | 84.97 |
| Next High | 84.45 |
| Current Price | 85.380000000 |
| Next Low | 83.35 |
| 2nd Low | 83.33 |
| 3rd Low | 82.78 |
84.45 – 84.97 – 84.17 – 83.35 – 83.58 – 83.52 —
83.900000000 – 85.900000000 —
39.240417397378 – 70.184553001497 —
– —
84.45 – 1777818600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Two Crows – Rising Wedge Chart Pattern – –