SOL/USDT – 1H – SELL

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

A continuation of the downtrend down to the next support line at 123.12 will persist.

Caution: A possible change in the direction of the resistance zone at 127.84 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ chart pattern is found. 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

127.84 – 127.51 – 130.94 – 123.12 – 122.35 – 126.73 —
126.990000000 – 127.750000000 —
56.593387117585 – 56.382327432972 —
– —
127.84000 – 1769547600

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