The pair Solana/Tether (SOL/USDT) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 67.5 is certain.
Caution: A possible change in the direction of the resistance line at 89.84 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.
And also a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 128.13 |
| 2nd High | 119.12 |
| Next High | 89.84 |
| Current Price | 87.730000000 |
| Next Low | 67.5 |
| 2nd Low | |
| 3rd Low |
89.84 – 119.12 – 118.14 – 67.5 – 96.46 – 96.64 —
87.470000000 – 88.340000000 —
52.735090547575 – 60.947140309931 —
– —
89.84 – 1770417000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double bottom chart pattern – –