SOL/USDT – 1H – SELL

The combination Solana/Tether (SOL/USDT) moves from the descending trendline downwards

A continuation of the downward movement down to the next support at will persist.

Caution: A possible counter-trend in the direction of the resistance level at 84.13 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart shows ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

84.13 – 92.96 – 94.05 – 80.26 – 87.91 – 89.61 —
84.310000000 – 85.750000000 —
52.275059199133 – 65.489547324293 —
– —
84.13 – 1772964000

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