SOL/USDT – 30M – SELLThe pair Solana/Tether (SOL/USDT) moves from the ascending trendline downwards
A bearish trend downwards to the next support level at 142.250000000 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 147.950000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 145.1 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 147.950000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Last Engulfing Top’ candlestick pattern is discovered. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 154.330000000 |
| 2nd High | 149.280000000 |
| Next High | 147.950000000 |
| Current Price | 145.900000000 |
| Next Low | 142.250000000 |
| 2nd Low | 130.680000000 |
| 3rd Low | 126.000000000 |
147.950000000 – 147.490000000 – 146.620000000 – 142.250000000 – 142.820000000 – 142.840000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Last Engulfing Top