SOL/USDT – 4H – SELL

Also there is a ‘Double top chart pattern’ chart formation is detected. The chart shows ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

The pair Solana/Tether (SOL/USDT) jumps from the bullish trendline downwards

A descending movement downwards to the next support at 140.320000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 154.330000000 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candle pattern is detected. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

154.330000000 – 167.460000000 – 163.640000000 – 141.970000000 – 141.530000000 – 150.590000000

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