SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 154.770000000 is expected.
Caution: A possible counter-trend in the direction of the support level at 137.140000000 is within the realm of possibility.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 175.340000000 |
| 2nd High | 167.460000000 |
| Next High | 154.770000000 |
| Current Price | 150.380000000 |
| Next Low | 137.140000000 |
| 2nd Low | 130.680000000 |
| 3rd Low | 126.000000000 |
154.770000000 – 148.000000000 – 147.950000000 – 137.140000000 – 142.250000000 – 142.840000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji – Rising Wedge Chart Pattern