SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 184.670000000 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 171.210000000 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.
Next a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 178.490000000 |
| Next Low | 171.210000000 |
| 2nd Low | 168.710000000 |
| 3rd Low | 157.230000000 |
184.670000000 – 178.190000000 – 176.000000000 – 171.210000000 – 168.710000000 – 157.230000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji –