SOL/USDT – 30M – BUYMoreover a ‘Double bottom chart pattern’ chart formation is found. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The combination Solana/Tether (SOL/USDT) goes from the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 199.280000000 is certain.
Caution: A possible counter-trend in the direction of the support line at 193.010000000 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Hammer’ chart pattern is detected. The candles show ‘Hammer’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Hammer’ heading up is 60% (Bull Market) & 59% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.280000000 |
| Current Price | 199.440000000 |
| Next Low | 193.010000000 |
| 2nd Low | 177.800000000 |
| 3rd Low | 176.940000000 |
199.280000000 – 183.660000000 – 179.750000000 – 193.010000000 – 177.800000000 – 176.940000000
Trading Signals: FOREX – SOL – SOL/USDT – USDT – Hammer – Double bottom chart pattern