SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support at 177.320000000 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 183.420000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.890000000 |
| 2nd High | 185.870000000 |
| Next High | 183.420000000 |
| Current Price | 177.660000000 |
| Next Low | 177.320000000 |
| 2nd Low | 173.600000000 |
| 3rd Low | 173.430000000 |
183.420000000 – 185.870000000 – 185.700000000 – 177.320000000 – 180.000000000 – 189.940000000 — 49.612086665599 – 43.11340507044
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double top chart pattern – –