SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support at 251.470000000 is likely expected.
Caution: A possible change in the direction of the resistance zone at 264.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which 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’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 264.390000000 |
| Next High | 264.000000000 |
| Current Price | 259.710000000 |
| Next Low | 251.470000000 |
| 2nd Low | 229.600000000 |
| 3rd Low | 212.100000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing