SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the descending trendline downwards

A continuation of the downward movement downwards to the next support at 236.910000000 is certain.

Caution: A possible change in the direction of the resistance zone at 241.820000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ chart pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. 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%.

241.820000000 – 241.220000000 – 239.960000000 – 236.910000000 – 235.120000000 – 232.230000000 — 49.336633045612 – 43.819913719193

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –