SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 161.820000000 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 149.580000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. 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 | 175.340000000 |
| 2nd High | 163.640000000 |
| Next High | 161.820000000 |
| Current Price | 165.120000000 |
| Next Low | 149.580000000 |
| 2nd Low | 147.880000000 |
| 3rd Low | 146.840000000 |
161.820000000 – 155.300000000 – 152.840000000 – 149.580000000 – 147.880000000 – 146.840000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji