SOL/USDT – 1H – SELL

Next a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. which is a bearish chart scenario. The pair is likely to go down.

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

A descent down to the next support level at 180.670000000 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 186.680000000 should be noted.
Consider stop-loss settings accordingly.

Next a ‘RSI cross above 30’ indicator layout is discovered. The indicator shows ‘RSI cross above 30’. which is often a bullish signal. The currency pair could go up.

Next a ‘Bearish Engulfing’ candle pattern is found. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

186.680000000 – 195.260000000 – 189.780000000 – 180.670000000 – 184.900000000 – 184.290000000 — 35.928606093689 – 34.012964275631

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double top chart pattern –