Also there is a ‘Double top retreat up’ chart pattern is found. The formation shows ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
The currency pair Solana/Tether (SOL/USDT) jumps from the descending trendline upwards
An ascending movement up to the next resistance line at 180.590000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 175.910000000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Three Outside Up’ chart pattern is existing. The candles show ‘Three Outside Up’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.680000000 |
| 2nd High | 182.560000000 |
| Next High | 180.590000000 |
| Current Price | 176.730000000 |
| Next Low | 175.910000000 |
| 2nd Low | 174.910000000 |
| 3rd Low | 174.800000000 |
180.590000000 – 182.560000000 – 186.680000000 – 176.420000000 – 178.810000000 – 178.300000000 — 44.453378138601 – 46.414020267845
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – Double top retreat up –