SOL/USDT – 30M – SELL

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

A descent down to the next support level at 87.73 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 92.98 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

92.98 – 91.14 – 87.69 – 87.73 – 88.15 – 85.12 —
88.170000000 – 88.710000000 —
39.558367124893 – 43.614851145129 —
– —
92.98 – 1773410400

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