SOL/USDT – 1H – BUYThe pair jumps from the ascending trendline upwards
A continuation of the uptrend up to the next resistance level at 224.000000000 is considered certain.
Caution: A possible trend reversal in the direction of support at 199.730000000 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Bullish Engulfing’ candle chart pattern is found. The chart forms ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 224.000000000 |
| Current Price | 219.440000000 |
| Next Low | 199.730000000 |
| 2nd Low | 194.860000000 |
| 3rd Low | 185.960000000 |