SOL/USDT – 1H – BUYThe pair Solana/Tether (SOL/USDT) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance at 210.480000000 will persist.
Caution: A possible trend reversal in the direction of the support level at 204.670000000 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Advance Block’ candlestick chart pattern is existing. The chart forms ‘Advance Block’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Advance Block’ heading down is 64% (Bull Market) & 61% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 234.690000000 |
| 2nd High | 227.560000000 |
| Next High | 210.480000000 |
| Current Price | 218.010000000 |
| Next Low | 204.670000000 |
| 2nd Low | 188.000000000 |
| 3rd Low | 185.890000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Advance Block