SOL/USDT – 4H – SELL

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

A bearish movement downwards to the next support line at 204.480000000 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 248.440000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Bearish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bearish Engulfing’. this is a bearish pattern signal. 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%.

Download SOL/USDT Signal Image

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