SOL/USDT – 4H – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 77.12 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 90.29 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Last Engulfing Bottom:’ candlestick pattern is found. The chart shows ‘Last Engulfing Bottom:’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 128.13 |
| 2nd High | 92.1 |
| Next High | 90.29 |
| Current Price | 88.410000000 |
| Next Low | 77.12 |
| 2nd Low | 75.63 |
| 3rd Low | 67.5 |
90.29 – 92.1 – 87.69 – 77.12 – 75.63 – 79.61 —
93.120000000 – 89.630000000 —
67.495855036346 – 52.444864255122 —
– —
90.29 – 1772467200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Bottom: – – –