SOL/USDT – 1H – SELL

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

A bearish movement down to the next support line at 83.35 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 84.97 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Last Engulfing Bottom:’ candle pattern is discovered. The candles show ‘Last Engulfing Bottom:’. which is a negative chart scenario. 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:’ going down is 65% (Bull Market) & 67% (Bear Market).

84.97 – 84.86 – 83.83 – 83.35 – 83.58 – 83.52 —
84.930000000 – 84.910000000 —
59.891134277611 – 53.340161169726 —
– —
84.97 – 1777755600

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