SOL/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.

A bearish trend down to the next support at 180.670000000 is considered certain.

Caution: A possible change in the direction of the resistance level at 186.680000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which could be a positive signal. The currency pair could go up.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

186.680000000 – 195.260000000 – 189.780000000 – 180.670000000 – 184.900000000 – 184.290000000 — 35.928606093689 – 34.012964275631

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double top chart pattern –