SOL/USDT – 4H – SELL

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

A continuation of the downtrend down to the next support at 62.34 will persist.

Caution: A possible counter-trend in the direction of the resistance level at 83.42 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ” indicator signal is detected. The indicator shows ”. this is usually a bearish chart scenario. The currency pair is likely to fall.

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Then a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative signal. 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’ heading down is 79%.

68.17 – 83.42 – 88 – 62.34 – 63.18 – 80 —
68.520000000 – 75.260000000 —
55.092542787678 – 78.533932473428 —
– —
68.17 – 1780948800

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