SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support level at 62.34 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 67.42 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Current target is 65.255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 67.42 is also possible.
Consider stop-loss settings accordingly.

Moreover a ‘Three Outside Down’ candle chart pattern is discovered. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

67.42 – 65.77 – 68.17 – 62.34 – 62.95 – 63.54 —
67.100000000 – 67.240000000 —
63.540433499438 – 63.001828779037 —
– —
67.42 – 1781204400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Down – Rising Wedge Chart Pattern – –