SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 177.880000000 is expected.
Caution: A possible change in the direction of the support level at is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ chart pattern is existing. The candles form ‘Bullish Belt Hold’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 184.670000000 |
| 2nd High | 182.020000000 |
| Next High | 177.880000000 |
| Current Price | 177.810000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
177.880000000 – 177.770000000 – 182.020000000 – 174.800000000 – 175.410000000 – 173.240000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold –