SOL/USDT – 30M – BUYBesides a ‘Double bottom chart pattern’ chart pattern is discovered. The chart forms ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to rise.
The pair Solana/Tether (SOL/USDT) goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 199.280000000 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 193.010000000 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Hammer’ candle pattern is discovered. The candles show ‘Hammer’. 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 ‘Hammer’ going 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