The combination Solana/Tether (SOL/USDT) goes from the ascending trendline down.
A bearish descent downwards to the next support line at 70.8 is likely expected.
Caution: A possible change in the direction of the resistance line at 76.09 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Southern Doji’ candlestick pattern is detected. The candles show ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 83.1 |
| 2nd High | 81.65 |
| Next High | 76.09 |
| Current Price | 73.780000000 |
| Next Low | 70.8 |
| 2nd Low | 66.94 |
| 3rd Low | 66.59 |
76.09 – 71.73 – 69.59 – 70.8 – 66.94 – 67.88 —
75.530000000 – 74.650000000 —
75.2198078545 – 57.126551710059 —
– —
76.09 – 1781541000
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Southern Doji – Rising Wedge Chart Pattern – –