SOL/USDT – 1H – SELLIn addition a ‘Double top chart pattern’ chart pattern is detected. The formation shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.
The pair Solana/Tether (SOL/USDT) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 159.630000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 168.650000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Last Engulfing Top’ chart pattern is existing. The chart forms ‘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 probability of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 179.410000000 |
| 2nd High | 175.340000000 |
| Next High | 168.650000000 |
| Current Price | 159.540000000 |
| Next Low | 159.630000000 |
| 2nd Low | 157.740000000 |
| 3rd Low | 147.700000000 |
168.650000000 – 164.190000000 – 168.200000000 – 159.630000000 – 157.740000000 – 159.540000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Last Engulfing Top – Double top chart pattern