SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the bullish trend up to the next resistance line at 176.000000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 168.710000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Three White Soldiers’ chart pattern is detected. The candles form ‘Three White Soldiers’. 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 176.000000000 |
| Current Price | 177.180000000 |
| Next Low | 168.710000000 |
| 2nd Low | 165.400000000 |
| 3rd Low | 157.230000000 |
176.000000000 – 167.580000000 – 165.260000000 – 168.710000000 – 165.400000000 – 157.230000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three White Soldiers – Triple bottom chart pattern