SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A descent downwards to the next support level at 182.740000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 194.390000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish Engulfing’ candle 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 likelyhood of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 227.560000000 |
| 2nd High | 201.850000000 |
| Next High | 194.390000000 |
| Current Price | 193.900000000 |
| Next Low | 182.740000000 |
| 2nd Low | 176.480000000 |
| 3rd Low |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing