SOL/USDT – 4H – SELLThe combination Solana/Tether (SOL/USDT) moves from the bullish trendline downwards
A bearish descent downwards to the next support line at 204.480000000 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 248.440000000 could occur.
Consider stop-loss settings accordingly.
Additionally a ‘Bearish Engulfing’ chart pattern is discovered. The candles show ‘Bearish Engulfing’. this is a bearish 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%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 248.440000000 |
| Current Price | 239.680000000 |
| Next Low | 204.480000000 |
| 2nd Low | 194.860000000 |
| 3rd Low | 155.110000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing