SOL/USDT – 1H – BUYThe combination Solana/Tether (SOL/USDT) breaks through the bullish trendline up.
A continuation of the uptrend up to the next resistance at 184.670000000 is expected.
Caution: A possible trend reversal in the direction of the support level at 177.800000000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 187.710000000 |
| Next High | 184.670000000 |
| Current Price | 196.790000000 |
| Next Low | 177.800000000 |
| 2nd Low | 174.800000000 |
| 3rd Low | 173.240000000 |
184.670000000 – 178.190000000 – 176.000000000 – 177.800000000 – 174.800000000 – 173.240000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Three White Soldiers – Double bottom retreat down