SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline down.

A descending movement down to the next support line at is expected.

Caution: A possible change in the direction of resistance at 68.82 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle chart pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

68.82 – 67.49 – 67.3 – 66.37 – 65.95 – 62.34 —
68.220000000 – 66.830000000 —
55.336650643716 – 44.086307642838 —
– —
68.82 – 1781276400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern – –