SOL/USDT – 4H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline downwards
A bearish descent down to the next support line at 203.000000000 is considered certain.
Caution: A possible change in the direction of the resistance line at 234.690000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 246.770000000 |
| 2nd High | 243.610000000 |
| Next High | 234.690000000 |
| Current Price | 220.480000000 |
| Next Low | 203.000000000 |
| 2nd Low | 194.860000000 |
| 3rd Low | 155.110000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing