SOL/USDT – 30M – BUYThe combination Solana/Tether (SOL/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 167.580000000 will continue.
Caution: A possible counter-trend in the direction of the support line at 157.230000000 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 168.650000000 |
| 2nd High | 168.600000000 |
| Next High | 167.580000000 |
| Current Price | 167.600000000 |
| Next Low | 157.230000000 |
| 2nd Low | 147.700000000 |
| 3rd Low | 145.220000000 |
167.580000000 – 165.260000000 – 168.600000000 – 157.230000000 – 158.170000000 – 159.630000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Northern Doji – Triple bottom chart pattern