SOL/USDT – 4H – SELL

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

The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards

A descending movement downwards to the next support line at is likely expected.

Caution: A possible change in the direction of the resistance zone at 195.260000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘RSI fall below 30’ indicator layout is detected. The indicator is ‘RSI fall below 30’. which is often a bearish signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

195.260000000 – 206.300000000 – 184.670000000 – 175.910000000 – 157.230000000 – 145.220000000 — 39.842944145367 – 32.193555985151

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