SOL/USDT – 1H – SELL

The pair Solana/Tether (SOL/USDT) moves from the bullish trendline downwards

A bearish trend down to the next support at 88.42 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 92.22 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. 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%.

92.22 – 92.26 – 90.81 – 88.42 – 85.11 – 85.14 —
92.740000000 – 92.070000000 —
62.509657247697 – 51.954491972493 —
– —
92.22 – 1774346400

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