SOL/USDT – 30M – SELL

Then a ‘Double bottom retreat down’ chart layout is detected. The chart picture shows ‘Double bottom retreat down’. which is a bearish pattern signal. The pair is likely to go down.

The currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards

A bearish movement down to the next support line at 168.710000000 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 176.000000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

176.000000000 – 167.580000000 – 165.260000000 – 168.710000000 – 165.400000000 – 157.230000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Engulfing – Double bottom retreat down