SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.

A descending movement downwards to the next support at 84.83 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 87.06 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is existing. 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’ heading down is 79%.

87.06 – 85.75 – 84.61 – 84.83 – 80.26 – 81.18 —
85.760000000 – 86.650000000 —
51.371879024375 – 59.30900885503 —
– —
87.06 – 1773084600

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