SOL/USDT – 30M – SELL

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

A continuation of the downtrend down to the next support level at 132.71 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 143.86 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. which 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’ heading down is 79%.

143.86 – 143.63 – 142.82 – 132.71 – 130 – 141.93 — 34.881547929048 – 32.185706786698 — 100 – 96.018107502307 – 96.675191815857 – 97.400487929322

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