Sell SOL/USDT – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 176.480000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 187.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

Support & Resistance Price Range*
3rd High 221.740000000
2nd High 187.870000000
Next High 187.730000000
Current Price 180.870000000
Next Low 176.480000000
2nd Low 163.110000000
3rd Low 155.110000000

Download SOL/USDT Signal Image

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