SOL/USDT – 30M – SELL

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

A descending movement down to the next support level at 194.050000000 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 204.670000000 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Bearish Engulfing’ chart pattern is found. The chart shows ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ heading down is 79%.

204.670000000 – 199.280000000 – 183.660000000 – 194.050000000 – 193.010000000 – 177.800000000

Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bearish Engulfing – Symmetrical Triangle Chart Pattern