SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the descending trendline down.

A continuation of the bearish trend down to the next support level at 184.290000000 will continue.

Caution: A possible change in the direction of the resistance level at 189.780000000 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI fall below 70’ indicator signal is discovered. The indicator shows ‘RSI fall below 70’. which could be a negative chart scenario. The currency pair is likely to fall.

Furthermore a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The 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%.

189.780000000 – 191.760000000 – 191.870000000 – 184.290000000 – 175.910000000 – 179.210000000 — 60.079347815395 – 50.781640435964

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Rising Wedge Chart Pattern –