SOL/USDT (Solana vs Tether) Timeframe: 4-hour chart Pattern....

vor 4 Tagen

SOL/USDT (Solana vs Tether)

Timeframe: 4-hour chart

Exchange: Binance

Analysis tool: Ichimoku Cloud + trendlines

Pattern: my drawn a descending triangle or bearish pennant that recently broke downwards.

Current Price: Around $153.67

Target Point (marked): Around $135 – $137 zone


🎯 Target Zone

From my chart, the “Target Point” label is placed approximately at:

> $135 USDT



This aligns with a measured move projection from the height of the triangle (around $200 down to ~$160), giving a target near $135 — a typical price objective for a bearish breakout.

🧠 Quick Breakdown:

Price broke below support near $160.

The Ichimoku Cloud turned bearish (price below cloud, red span ahead).

Momentum and volume confirm downside continuation.

Target completion likely around $135 – $137, unless support appears earlier.

vor 4 Tagen

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