SOL/USDT – 1H – BUYThe pair breaks through the bearish trendline up.
An ascending movement up to the next resistance level at 166.930000000 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 162.110000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 167.12972 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 166.930000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 183.380000000 |
| 2nd High | 168.610000000 |
| Next High | 166.930000000 |
| Current Price | 163.260000000 |
| Next Low | 162.110000000 |
| 2nd Low | 159.120000000 |
| 3rd Low | 157.580000000 |