SOL/USDT – 4H – SELLIn addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The currency pair could go up.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 81.27 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 88.08 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Bearish Engulfing’ candlestick pattern is existing. The candles form ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 90.73 |
| 2nd High | 89.32 |
| Next High | 88.08 |
| Current Price | 82.940000000 |
| Next Low | 81.27 |
| 2nd Low | 78.38 |
| 3rd Low | 76.7 |
88.08 – 86.94 – 89.32 – 84.48 – 82.94 – 81.27 —
84.020000000 – 83.220000000 —
38.914337671413 – 39.184422490993 —
– —
88.08 – 1777248000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bearish Engulfing – – –