SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 176.480000000 is considered certain.
Caution: A possible trend reversal in the direction of the resistance line at 187.730000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles show ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 221.740000000 |
| 2nd High | 187.870000000 |
| Next High | 187.730000000 |
| Current Price | 180.870000000 |
| Next Low | 176.480000000 |
| 2nd Low | 163.110000000 |
| 3rd Low | 155.110000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing