SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) goes from the bullish trendline down.

A descending movement downwards to the next support level at 211.690000000 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ chart pattern is detected. The chart forms ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

219.790000000 – 217.110000000 – 205.550000000 – 211.690000000 – 210.790000000 – 201.480000000 — 72.681245426205 – 65.577484704057

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – – –