SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 177.320000000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 183.420000000 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bearish Engulfing’ candle chart pattern is found. The chart forms ‘Bearish Engulfing’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.890000000 |
| 2nd High | 185.870000000 |
| Next High | 183.420000000 |
| Current Price | 178.800000000 |
| Next Low | 177.320000000 |
| 2nd Low | 173.430000000 |
| 3rd Low | 167.000000000 |
183.420000000 – 185.870000000 – 195.890000000 – 177.320000000 – 180.000000000 – 185.200000000 — 44.639892534515 – 43.558295045027
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double top retreat up – –