The pair Solana/Tether (SOL/USDT) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 211.460000000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 219.050000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Matching Low’ candle pattern is detected. The candles show ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).
Support & Resistance | Price Range* |
---|---|
3rd High | 223.890000000 |
2nd High | 221.740000000 |
Next High | 219.050000000 |
Current Price | 212.030000000 |
Next Low | 211.460000000 |
2nd Low | 204.670000000 |
3rd Low | 188.000000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Matching Low