SOL/USDT – 1H – BUYThe currency pair Solana/Tether (SOL/USDT) jumps from the bullish trendline up.
A continuation of the bullish trend up to the next resistance level at 153.600000000 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 145.220000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 152.605 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 153.600000000 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Three Outside Up’ candle chart pattern is existing. The chart shows ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 156.350000000 |
| 2nd High | 153.880000000 |
| Next High | 153.600000000 |
| Current Price | 149.170000000 |
| Next Low | 145.220000000 |
| 2nd Low | 137.140000000 |
| 3rd Low | 130.680000000 |
153.600000000 – 153.880000000 – 156.350000000 – 145.220000000 – 149.860000000 – 151.770000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three Outside Up – Double top chart pattern