SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance at 178.190000000 is considered certain.
Caution: A possible change in the direction of the support level at 171.210000000 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Bullish Belt Hold’ chart pattern is existing. The candles form ‘Bullish Belt Hold’. 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 likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 187.710000000 |
| 2nd High | 179.410000000 |
| Next High | 178.190000000 |
| Current Price | 180.800000000 |
| Next Low | 171.210000000 |
| 2nd Low | 168.710000000 |
| 3rd Low | 157.230000000 |
178.190000000 – 176.000000000 – 168.650000000 – 171.210000000 – 168.710000000 – 157.230000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Bullish Belt Hold – Triple bottom chart pattern