SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 128.13 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair is likely to fall.

And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

128.13 – 127.84 – 127.51 – 112.14 – 123.12 – 122.35 —
117.280000000 – 118.600000000 —
46.939768047369 – 53.842890245363 —
– —
128.13000 – 1769594400

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