SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) goes from the ascending trendline downwards
A bearish descent downwards to the next support at 149.580000000 will persist.
Caution: A possible change in the direction of the resistance zone at 161.990000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. 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 | 173.460000000 |
| 2nd High | 163.640000000 |
| Next High | 161.990000000 |
| Current Price | 163.610000000 |
| Next Low | 149.580000000 |
| 2nd Low | 147.880000000 |
| 3rd Low | 146.840000000 |
161.990000000 – 161.820000000 – 156.610000000 – 149.580000000 – 147.880000000 – 149.150000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Engulfing