SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A bearish descent down to the next support level at 176.940000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 184.670000000 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Last Engulfing Top’ candlestick chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 181.990000000 |
| Next Low | 176.940000000 |
| 2nd Low | 174.910000000 |
| 3rd Low | 174.800000000 |
179.750000000 – 177.880000000 – 177.770000000 – 176.940000000 – 174.910000000 – 174.800000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Last Engulfing Top – Triple bottom chart pattern