SOL/USDT – 30M – SELL

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

A bearish descent down to the next support level at 196.770000000 is certain.

Caution: A possible counter-trend in the direction of resistance at 208.620000000 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Bearish Engulfing’ candle pattern is found. The chart shows ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

208.620000000 – 202.400000000 – 185.100000000 – 196.770000000 – 177.270000000 – 179.430000000 — 61.077068929385 – 56.691648668526

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – – –