SOL/USDT – 30M – SELL

Besides a ‘Double bottom retreat down’ chart formation is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 180.4572 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 185.870000000 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

183.420000000 – 185.870000000 – 185.700000000 – 175.690000000 – 177.320000000 – 180.000000000 — 62.52270896704 – 53.687005418481

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –