SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 89.32 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Last Engulfing Top’ chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

89.32 – 86.89 – 86.22 – 84.31 – 85 – 82.94 —
86.240000000 – 86.190000000 —
38.195142053719 – 45.381592494426 —
– —
89.32 – 1776866400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – – –