SOL/USDT – 30M – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the descending trendline up.
An ascent upwards to the next resistance at 244.820000000 is certain.
Caution: A possible change in the direction of the support level at 215.000000000 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 246.770000000 |
| 2nd High | 245.300000000 |
| Next High | 244.820000000 |
| Current Price | 238.300000000 |
| Next Low | 215.000000000 |
| 2nd Low | 212.100000000 |
| 3rd Low | 206.710000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing