SOL/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support level at 66.59 will continue.

Caution: A possible counter-trend in the direction of the resistance level at 69.59 could occur.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 67.77 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 69.59 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Black Crows’ candle chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

69.59 – 68.71 – 67.51 – 66.59 – 66.42 – 66.37 —
68.890000000 – 69.010000000 —
59.394794411594 – 57.457270147669 —
– —
69.59 – 1781386200

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – Symmetrical Triangle Chart Pattern – –