The combination Solana/Tether (SOL/USDT) breaks through the bearish trendline up.
An ascent upwards to the next resistance level at 69.58 will persist.
Caution: A possible reversal of the trend in the direction of the support level at should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.
Moreover a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles show ‘Three Outside Up’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 72.08 |
| 2nd High | 70.09 |
| Next High | 69.58 |
| Current Price | 69.420000000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
69.58 – 70.09 – 72.08 – 67.92 – 67.98 – 68.23 —
69.370000000 – 69.200000000 —
51.706941178155 – 50.392115100226 —
– —
69.58 – 1781875800
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Three Outside Up – Rising Wedge Chart Pattern – –