SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A bearish movement down to the next support level at 156.320000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance level at 163.640000000 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative 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’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 163.640000000 |
| Current Price | 164.610000000 |
| Next Low | 156.320000000 |
| 2nd Low | 149.580000000 |
| 3rd Low | 147.880000000 |
161.820000000 – 155.300000000 – 152.840000000 – 156.320000000 – 149.580000000 – 147.880000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Engulfing