SOL/USDT – 1H – SELLThe currency pair Solana/Tether (SOL/USDT) moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 232.800000000 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 245.280000000 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish Engulfing’ chart pattern is detected. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 263.600000000 |
| 2nd High | 256.700000000 |
| Next High | 245.280000000 |
| Current Price | 237.650000000 |
| Next Low | 232.800000000 |
| 2nd Low | 221.800000000 |
| 3rd Low | 212.100000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing