SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 149.280000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Besides a ‘Bearish Engulfing’ candlestick pattern is detected. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The 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%.

149.280000000 – 154.330000000 – 148.940000000 – 145.610000000 – 141.970000000 – 142.580000000

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