SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 207.060000000 will persist.
Caution: A possible reversal of the trend in the direction of support at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
In addition a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. 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 | 218.000000000 |
| Next High | 207.060000000 |
| Current Price | 201.240000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
207.060000000 – 218.000000000 – 216.890000000 – 199.850000000 – 207.170000000 – 201.720000000 — 42.280605053077 – 43.045325598636
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern – –