SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A bearish descent downwards to the next support at 159.540000000 will continue.

Caution: A possible change in the direction of the resistance level at 168.200000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Southern Doji’ candlestick pattern is found. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

168.200000000 – 153.600000000 – 153.880000000 – 159.540000000 – 147.700000000 – 145.220000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Southern Doji – Double top retreat up