SOL/USDT – 1H – SELL

The currency pair Solana/Tether (SOL/USDT) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support level at 63.18 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 68.17 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

68.17 – 67.92 – 75.71 – 63.54 – 65.29 – 63.18 —
64.800000000 – 65.280000000 —
41.721099889857 – 53.286948363687 —
– —
68.17 – 1780952400

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