The pair Solana/Tether (SOL/USDT) breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 75.6 is likely expected.
Caution: A possible change in the direction of the support level at 73.39 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Above the Stomach’ chart pattern is detected. The candles show ‘Above the Stomach’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Above the Stomach’ going up is 66% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 77.64 |
| 2nd High | 76.86 |
| Next High | 75.6 |
| Current Price | 75.210000000 |
| Next Low | 73.39 |
| 2nd Low | 72.25 |
| 3rd Low | 71.9 |
75.6 – 75 – 76.86 – 73.39 – 75.39 – 75.64 —
75.190000000 – 75.270000000 —
53.740038119316 – 56.231415585981 —
– —
75.6 – 1784307600
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Above the Stomach – – –