SOL/USDT – 30M – SELLThe combination Solana/Tether (SOL/USDT) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 146.840000000 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 152.840000000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Furthermore a ‘Last Engulfing Top’ chart pattern is discovered. The chart shows ‘Last Engulfing Top’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 157.970000000 |
| 2nd High | 154.410000000 |
| Next High | 152.840000000 |
| Current Price | 151.870000000 |
| Next Low | 146.840000000 |
| 2nd Low | 141.530000000 |
| 3rd Low | 141.410000000 |
152.840000000 – 152.390000000 – 154.410000000 – 146.840000000 – 141.530000000 – 152.940000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Last Engulfing Top