SOL/USDT – 1H – SELLThe combination Solana/Tether (SOL/USDT) jumps from the bullish trendline down.
A bearish descent downwards to the next support line at 188.000000000 is certain.
Caution: A possible trend reversal in the direction of resistance at 227.560000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Last Engulfing Top’ chart pattern is detected. The candles form ‘Last Engulfing Top’. 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 likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 237.750000000 |
| 2nd High | 234.690000000 |
| Next High | 227.560000000 |
| Current Price | 206.540000000 |
| Next Low | 188.000000000 |
| 2nd Low | 185.890000000 |
| 3rd Low | 182.740000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top