SOL/USDT – 30M – SELL

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

A continuation of the downward movement down to the next support at 84.92 will persist.

Caution: A possible counter-trend in the direction of resistance at 86.79 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is found. The candles form ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

86.79 – 86.36 – 86.66 – 84.92 – 84.48 – 85.2 —
86.560000000 – 86.530000000 —
62.284662416852 – 55.200181234662 —
– —
86.79 – 1777032000

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