SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the descending trendline down.

A continuation of the downward movement down to the next support line at 83.5 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 85.8 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. 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).

85.8 – 87.29 – 92.02 – 83.5 – 85.59 – 85.52 —
84.700000000 – 85.970000000 —
40.873777874545 – 54.330650358637 —
– —
85.8 – 1779105600

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