SOL/USDT – 1H – SELL

Moreover a ‘Double top chart pattern’ chart layout is found. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to go down.

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

A descending movement down to the next support line at 184.900000000 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 195.260000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘RSI cross above 30’ indicator signal is existing. The indicator shows ‘RSI cross above 30’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Bearish Engulfing’ candle chart pattern is discovered. 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’ going down is 79%.

195.260000000 – 189.780000000 – 191.760000000 – 184.900000000 – 184.290000000 – 175.910000000 — 34.521055370116 – 31.698745216393

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double top chart pattern –