SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) moves from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 253.510000000 is considered certain.
Caution: A possible change in the direction of the support level at 232.230000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Bullish Engulfing’ candle pattern is detected. The candles show ‘Bullish Engulfing’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 253.510000000 |
| Current Price | 241.130000000 |
| Next Low | 232.230000000 |
| 2nd Low | 231.260000000 |
| 3rd Low | 230.150000000 |
253.510000000 – 240.950000000 – 248.450000000 – 232.230000000 – 233.200000000 – 231.260000000 — 31.786024467559 – 33.659885512604
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing – Rising Wedge Chart Pattern – –