SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) jumps from the descending trendline down.

A continuation of the downward movement down to the next support level at 83.58 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 84.97 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Moreover a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. 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’ going down is 79%.

84.97 – 84.86 – 83.83 – 83.58 – 83.52 – 83.33 —
84.450000000 – 84.460000000 —
61.465497180882 – 51.752297170442 —
– —
84.97 – 1777755600

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern – –