SOL/USDT – 1H – BUYThe pair Solana/Tether (SOL/USDT) breaks through the descending trendline up.
A bullish ascent upwards to the next resistance at 210.000000000 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 201.480000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 218.000000000 |
| 2nd High | 213.020000000 |
| Next High | 210.000000000 |
| Current Price | 209.130000000 |
| Next Low | 201.480000000 |
| 2nd Low | 199.320000000 |
| 3rd Low | 197.370000000 |
210.000000000 – 213.020000000 – 211.970000000 – 201.480000000 – 199.320000000 – 201.610000000 — 67.633731386469 – 68.298023455733
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Northern Doji – Double bottom chart pattern – –