SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) goes from the descending trendline downwards
A continuation of the downtrend down to the next support line at 188.000000000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 223.180000000 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Bullish Engulfing’ candlestick pattern is discovered. The chart forms ‘Bullish Engulfing’. this is a bullish pattern signal. The currency pair is likely to rise. 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 | 234.690000000 |
| 2nd High | 227.560000000 |
| Next High | 223.180000000 |
| Current Price | 188.780000000 |
| Next Low | 188.000000000 |
| 2nd Low | 185.890000000 |
| 3rd Low | 182.740000000 |
Download SOL/USDT Signal Image
Trading Signals: CRYPTO – SOL – SOL/USDT – USDT – Bullish Engulfing