SOL/USDT – 1H – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 86.39432 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 92.98 could occur.
Consider stop-loss settings accordingly.

Next a ‘Last Engulfing Top’ candlestick pattern is found. The candles show ‘Last Engulfing Top’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

92.98 – 91.14 – 87.69 – 86.51 – 84.72 – 84.36 —
88.430000000 – 88.610000000 —
53.25473606941 – 60.66394618819 —
– —
92.98 – 1773410400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – Rising Wedge Chart Pattern – –