SOL/USDT – 30M – BUYThe combination Solana/Tether (SOL/USDT) breaks through the descending trendline upwards
A bullish trend upwards to the next resistance line at 186.420000000 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 179.430000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Bullish Belt Hold’ candle chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.890000000 |
| 2nd High | 190.100000000 |
| Next High | 186.420000000 |
| Current Price | 182.800000000 |
| Next Low | 179.430000000 |
| 2nd Low | 177.530000000 |
| 3rd Low | 175.690000000 |
186.420000000 – 190.100000000 – 183.420000000 – 179.430000000 – 185.510000000 – 177.530000000 — 47.279956347843 – 53.291653135712
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – Triple bottom chart pattern – –