SOL/USDT – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 77.47 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 78.25 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 77.62854 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of support at 78.25 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

78.25 – 79.68 – 79.45 – 77.47 – 77.07 – 77.74 —
78.210000000 – 78.740000000 —
52.113385018052 – 56.099629234124 —
– —
78.25 – 1783720800

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Black Crows – – –