SOL/USDT – 30M – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

The bearish trend downwards to the next support at 180.670000000 will persist.

Caution: A possible trend reversal in the direction of resistance at 186.680000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

186.680000000 – 193.520000000 – 195.260000000 – 180.670000000 – 184.900000000 – 184.290000000 — 43.542967593269 – 41.956662116445

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