SOL/USDT – 30M – BUYThe combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
A bullish trend up to the next resistance at 85.83 will persist.
Caution: A possible counter-trend in the direction of the support line at 82.65 could be enabled.
Consider stop-loss settings accordingly.
Moreover a ‘Bullish Engulfing’ candle pattern is detected. The chart shows ‘Bullish Engulfing’. 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 likelyhood of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 91.98 |
| 2nd High | 87.67 |
| Next High | 85.83 |
| Current Price | 85.400000000 |
| Next Low | 82.65 |
| 2nd Low | 81.54 |
| 3rd Low | 81.27 |
85.83 – 87.67 – 86.81 – 82.65 – 81.54 – 81.27 —
85.060000000 – 85.430000000 —
56.28222009754 – 61.613300052399 —
– —
85.83 – 1776281400
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing – – –