SOL/USDT – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 194.190000000 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 205.990000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

205.990000000 – 206.660000000 – 207.060000000 – 194.190000000 – 196.030000000 – 197.520000000 — 57.226394463676 – 53.585587665815

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