SOL/USDT – 30M – SELL

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

The bearish trend down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of resistance at 193.520000000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘RSI fall below 30’ indicator signal is detected. The indicator shows ‘RSI fall below 30’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Bearish Engulfing’ candle pattern is found. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

193.520000000 – 195.260000000 – 189.760000000 – 180.670000000 – 184.900000000 – 184.290000000 — 57.062652748812 – 51.800839572198

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern –