SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 156.610000000 will continue.
Caution: A possible counter-trend in the direction of the support level at 149.580000000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.640000000 |
| 2nd High | 157.970000000 |
| Next High | 156.610000000 |
| Current Price | 159.900000000 |
| Next Low | 149.580000000 |
| 2nd Low | 147.880000000 |
| 3rd Low | 146.840000000 |
156.610000000 – 155.300000000 – 150.510000000 – 149.580000000 – 147.880000000 – 149.150000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji