The combination Solana/Tether (SOL/USDT) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 83.1 will persist.
Caution: A possible reversal of the trend in the direction of the support zone at 80.35 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The pair is likely to go up.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Moreover a ‘Bullish Engulfing’ chart pattern is existing. The chart shows ‘Bullish Engulfing’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 84.84 |
| 2nd High | 83.24 |
| Next High | 83.1 |
| Current Price | 82.770000000 |
| Next Low | 80.35 |
| 2nd Low | 80.02 |
| 3rd Low | 80 |
83.1 – 83.24 – 82.65 – 80.35 – 81.36 – 80.02 —
82.550000000 – 82.920000000 —
48.595313189156 – 60.054111524186 —
– —
83.1 – 1780110000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing – Symmetrical Triangle Chart Pattern – –