SOL/USDT – 4H – SELLThe pair Solana/Tether (SOL/USDT) moves from the bullish trendline down.
A bearish movement downwards to the next support line at 157.230000000 will persist.
Caution: A possible change in the direction of resistance at 206.300000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘RSI cross above 70’ indicator signal is detected. The indicator is ‘RSI cross above 70’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Besides a ‘Last Engulfing Top’ candle chart pattern is found. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 206.300000000 |
| Current Price | 186.410000000 |
| Next Low | 157.230000000 |
| 2nd Low | 145.220000000 |
| 3rd Low | 137.140000000 |
206.300000000 – 184.670000000 – 168.650000000 – 157.230000000 – 145.220000000 – 137.140000000 — 52.264002894635 – 50.278033949668
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – Double bottom retreat down –