SOL/USDT – 1H – SELLThe pair Solana/Tether (SOL/USDT) jumps from the bullish trendline down.
A bearish trend down to the next support level at 168.710000000 will continue.
Caution: A possible change in the direction of the resistance level at 176.000000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ chart pattern is detected. The chart shows ‘Bearish Engulfing’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 176.000000000 |
| Current Price | 174.350000000 |
| Next Low | 168.710000000 |
| 2nd Low | 157.230000000 |
| 3rd Low | 147.700000000 |
176.000000000 – 168.650000000 – 164.190000000 – 168.710000000 – 157.230000000 – 158.170000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Engulfing – Triple bottom chart pattern