SOL/USDT – 1H – SELL

Furthermore a ‘Double bottom retreat down’ chart pattern is discovered. The chart shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

The pair Solana/Tether (SOL/USDT) goes from the bullish trendline down.

The bearish trend downwards to the next support line at is considered certain.

Caution: A possible counter-trend in the direction of resistance at 169.930000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘RSI fall below 70’ indicator layout is existing. The indicator shows ‘RSI fall below 70’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘StochRSI fall below 80’ indicator layout is existing. The indicator shows ‘StochRSI fall below 80’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart forms ‘Bearish Engulfing’. this 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’ heading down is 79%.

169.930000000 – 171.730000000 – 182.700000000 – 166.700000000 – 161.130000000 – 164.580000000 — 56.811110872581 – 46.650195117615

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – Double bottom retreat down – –