SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A descent downwards to the next support at 204.670000000 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 219.050000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern 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 | 234.690000000 |
| 2nd High | 227.560000000 |
| Next High | 219.050000000 |
| Current Price | 212.470000000 |
| Next Low | 204.670000000 |
| 2nd Low | 188.000000000 |
| 3rd Low | 185.890000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing