SOL/USDT – 30M – BUYThe pair Solana/Tether (SOL/USDT) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance line at 151.250000000 is certain.
Caution: A possible change in the direction of the support level at 145.220000000 could be enabled.
Consider stop-loss settings accordingly.
In addition a ‘Bullish Engulfing’ candlestick pattern is discovered. The candles show ‘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’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.350000000 |
| 2nd High | 153.880000000 |
| Next High | 151.250000000 |
| Current Price | 148.300000000 |
| Next Low | 145.220000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
151.250000000 – 153.880000000 – 153.260000000 – 145.220000000 – 149.020000000 – 149.860000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Engulfing –