SOL/USDT – 1H – SELL

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

A descending movement down to the next support level at 72.29 is expected.

Caution: A possible change in the direction of the resistance line at 75.65 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Last Engulfing Bottom:’ candle pattern is existing. The candles form ‘Last Engulfing Bottom:’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

75.65 – 76.09 – 71.73 – 72.29 – 72.77 – 66.94 —
74.260000000 – 74.060000000 —
54.062808857108 – 49.423709972305 —
– —
75.65 – 1781598900

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