SOL/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support line at 62.34 is expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 67.3 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair could go down.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is expected. Target of the current trend is 66.33288 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support level at 67.3 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Three Inside Down’ candlestick chart pattern is discovered. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

67.3 – 67.42 – 66.15 – 62.34 – 62.95 – 63.54 —
67.080000000 – 67.270000000 —
53.076655268607 – 59.933444983324 —
– —
67.3 – 1781231400

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