SOL/USDT – 30M – SELLThe currency pair Solana/Tether (SOL/USDT) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 112.14 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 118.14 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ candle pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 130.2 |
| 2nd High | 128.13 |
| Next High | 118.14 |
| Current Price | 115.390000000 |
| Next Low | 112.14 |
| 2nd Low | 108.21 |
| 3rd Low | 102.31 |
118.14 – 128.13 – 127.84 – 112.14 – 115.39 – 122.5 —
115.780000000 – 116.130000000 —
38.74009471619 – 46.317181263817 —
– —
118.14000 – 1769731200
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – – –