SOL/USDT – 1H – SELL

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

A bearish descent down to the next support line at 207.170000000 is expected.

Caution: A possible change in the direction of resistance at 216.890000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. 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%.

216.890000000 – 213.600000000 – 211.990000000 – 207.170000000 – 201.720000000 – 185.330000000 — 60.423761228165 – 57.250172349406

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