SOL/USDT – 30M – SELL

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

A bearish trend downwards to the next support at 84.43 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 90.73 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

86.1 – 85.12 – 85.32 – 84.43 – 84.02 – 83.23 —
89.070000000 – 89.900000000 —
74.191474955282 – 73.86181962631 —
– —
86.1 – 1777986000

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