SOL/USDT – 30M – SELL

The combination Solana/Tether (SOL/USDT) jumps from the ascending trendline down.

A bearish descent down to the next support at will persist.

Caution: A possible trend reversal in the direction of the resistance line at 87.12 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Bearish Engulfing’ candle chart pattern is existing. The chart forms ‘Bearish Engulfing’. which is a negative pattern signal. The 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%.

87.12 – 90.73 – 90.53 – 82.94 – 84.43 – 85.78 —
84.590000000 – 85.460000000 —
46.428143434183 – 51.991113397648 —
– —
87.12 – 1776609000

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