SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the bearish trendline down.

A continuation of the downward movement down to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 84.13 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish signal. The pair is likely to go down.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Last Engulfing Bottom:’ chart pattern is existing. The chart shows ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

84.13 – 83.49 – 88.92 – 81.18 – 81.74 – 82.28 —
81.860000000 – 82.500000000 —
35.840709862325 – 48.221074621774 —
– —
84.13 – 1772964000

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Bottom: – – –