SOL/USDT – 1H – SELL

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

The currency pair Solana/Tether (SOL/USDT) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 159.630000000 is expected.

Caution: A possible change in the direction of resistance at 168.650000000 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Last Engulfing Top’ candle pattern is existing. The chart forms ‘Last Engulfing Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

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