SOL/USDT – 30M – SELL

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

A bearish movement downwards to the next support at 211.690000000 is likely expected.

Caution: A possible change in the direction of the resistance line at 226.000000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candle pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ heading down is 79%.

226.000000000 – 219.790000000 – 217.110000000 – 211.690000000 – 210.790000000 – 201.480000000 — 57.392832947377 – 51.985817043747

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –