SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at 176.480000000 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 193.480000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 234.690000000 |
| 2nd High | 227.560000000 |
| Next High | 193.480000000 |
| Current Price | 190.270000000 |
| Next Low | 176.480000000 |
| 2nd Low | 155.110000000 |
| 3rd Low | 153.450000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing