SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the ascending trendline down.

A bearish movement downwards to the next support level at 85.53 is likely expected.

Caution: A possible change in the direction of the resistance line at 86.94 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

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

Next a ‘Last Engulfing Top’ chart pattern is detected. The chart forms ‘Last Engulfing Top’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

86.76 – 86.8 – 86.94 – 85.53 – 84.92 – 84.48 —
86.640000000 – 86.990000000 —
54.815861404735 – 60.586226567891 —
– —
86.76 – 1777190400

Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Last Engulfing Top – Symmetrical Triangle Chart Pattern – –