SOL/USDT – 1H – SELL

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 69.57422 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 74.69 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘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 likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

70.09 – 74.69 – 74.47 – 67.92 – 68.23 – 70.64 —
69.870000000 – 72.390000000 —
54.752039177568 – 72.755980987436 —
– —
70.09 – 1781834400

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