SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) goes from the bearish trendline down.

A continuation of the downtrend down to the next support level at 77.47 is considered certain.

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

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 77.62854 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support zone at 78.25 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood 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 – Rising Wedge Chart Pattern – –