SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.
A descending movement down to the next support line at 252.370000000 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. this 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 260.530000000 |
| Next Low | 252.370000000 |
| 2nd Low | 229.600000000 |
| 3rd Low | 229.400000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing