SOL/USDT – 30M – SELL

There is also a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A descending movement downwards to the next support level at 179.720000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 186.180000000 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI fall below 80’ indicator signal is detected. The indicator is ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

There is also a ‘Bearish Engulfing’ chart pattern is found. The candles form ‘Bearish Engulfing’. which is a bearish 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’ heading down is 79%.

186.180000000 – 183.350000000 – 179.660000000 – 179.720000000 – 178.920000000 – 176.620000000 — 44.765475957748 – 41.405613329509

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