SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) goes from the bearish trendline downwards

A continuation of the downtrend down to the next support at 187.320000000 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 198.070000000 should be noted.
Consider stop-loss settings accordingly.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Additionally a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Additionally a ‘Bearish Engulfing’ chart pattern is found. 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’ heading down is 79%.

198.070000000 – 209.860000000 – 204.960000000 – 187.320000000 – 186.680000000 – 194.150000000 — 42.554320143474 – 40.991072592531

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – – –