The combination Solana/Tether (SOL/USDT) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance at 85.75 is certain.
Caution: A possible reversal of the trend in the direction of support at 80.26 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ” indicator layout is found. The indicator is ”. which is often a bullish chart signal. The currency pair could go up.
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Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.
Moreover a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 89.85 |
| 2nd High | 88.92 |
| Next High | 85.75 |
| Current Price | 86.870000000 |
| Next Low | 80.26 |
| 2nd Low | 77.12 |
| 3rd Low | 75.63 |
85.75 – 84.61 – 84.13 – 80.26 – 81.18 – 81.74 —
85.710000000 – 85.420000000 —
66.231763089588 – 64.083919954615 —
– —
85.75 – 1773063000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Belt Hold – – –